Análise comparativa de spreads cobrados por factorings e bancos em operações de liberação de recursos

Abstract

In this work, we aim to analyze the difference between the fee charged by the bank on discount of receivables and the factor charged by factoring, based on the time horizon between 2009 and 2013. First, a presentation of the theme will be explored witch will be exposing their main points as well as their general and specific goal. The following chapter discusses the proposed theme, through a literature review, with the intention to base the present study on solid foundations and, therefore, it was necessary to divide it in two parts. In the first part, will contain topics such as the origin of the banks, the national financial system, the banking market, the Selic rate, inflation and, finally, the discounting of receivables. The second part will discuss about the origin of factorings, its structure, some conceptual points, securities, ending with factoring factor and demonstrating a mathematically example. Chapter three, in turn, contains the climax of this work, in which we propose to develop the theme, highlighting the database and methodology of the study. Continuing, we will begin the analysis of the factor, the bank rate, the Selic, the IPCA, INPC, and the IGP -M. After consideration of all these elements, the main issue of the work will be indicated and after that the final considerations about the study. Finally, we close this paper with a conclusion and some suggestions for future studies.