Financing agribusiness: Insurance coverage as protection against credit risk of warehouse receipt collateral
| Autor: | Jovičić Daliborka, Jeremić Ljiljana, Jovanović Zoran Ž. |
|---|---|
| Jazyk: | English<br />Serbian |
| Rok vydání: | 2017 |
| Předmět: | |
| Zdroj: | Ekonomika Poljoprivrede (1979), Vol 64, Iss 2, Pp 467-482 (2017) |
| Druh dokumentu: | article |
| ISSN: | 0352-3462 2334-8453 |
| DOI: | 10.5937/ekoPolj1702467J |
| Popis: | Financing agribusiness by warehouse receipts allows the agricultural producers to obtain working capital on the basis of agricultural products stored in licensed warehouses, as collateral. The implementation of the system of licensed warehouses and issuance of warehouse receipts as collateral for obtaining a bank loan is supported by the European Bank for Reconstruction and Development and it has had positive results in the neighbouring countries. The precondition for financing this project was to establish a Compensation Fund for providing insurance coverage for licensed warehouses against professional liability. However, in the lack of an adequate legal framework, the operational risk is possible to occur. Bearing in mind that Serbia has a tradition in insurance industry and a number of operating insurance companies, the issue is that of the economic benefit and the method of insuring against this risk. The paper will present a detailed analysis of the operation of the Fund, capital requirement, solvency margin and a critical review of the Law on Public Warehouses which regulates the rights and obligations of the Compensation Fund in the case of loss occurrence. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
|