Problem of long-datedness in banking crediting in Russia: legal aspect,

• Main Author: Ivan V. Makerov
• Format: Article
• Language: English
• Published: Tatar Educational Center "TAGLIMAT" Ltd. 2016-03-01
• Series: Aktualʹnye Problemy Èkonomiki i Prava
• Subjects: Civil law
• Online Access: http://apel.ieml.ru/storage/archive_articles/8157.pdf

Objective to study the needs of economy in the longterm banking credit for capital renewal and in this regard to find in the current legislation the time frame of longdatedness in general and in particular time period of longterm banking credit relationships. Methods the work is based on the dialectical approach to cognition allowing to establish the diversity of longdated terms in the system of the current legislation by assessing the quantitative aspects to identify the components of a period of time comprehensively and objectively considered as longdated in bank crediting. The dialectical approach to cognition has determined the choice of specific research methods general scientific comparison description induction systemic approach and specific scientific analysis synthesis generalization methods. Results in the current legislation there is no clear definition of a longterm period of time. The concept used in the legislation characterizes different time periods. Also there is no generally accepted time period of longterm banking credit relationships as every legal act in crediting establishes its own time frame. Such situation of legal uncertainty of the timing of longterm bank crediting is an obstacle in enhancing the longterm component in bank crediting. In this regard to improve the legal regulation of longterm credit relationships it is essential to establish a unified period of longterm bank crediting. Scientific novelty for the first time the article describes and analyzes the current Russian legislation relating to longterm relationships and their timing as well as legal acts related to the activities of the banking sector which are determined by crediting terms depending on the situation and order of granting. Practical significance the main findings of the research can be used in scientific and theoretical activity in civil law when considering the timing of the relationships and their duration. They can be also used in the lawmaking for the theoretical justification of certain provisions of normative acts related to timing in general and with the timing of longterm bank credits in particular. nbsp