ORGANIZATIONAL MEASURES OF CONDUCTING OF NON-DOCUMENTARY FORMS OF SETTLEMENTS IN THE FINANCING OF INTERNATIONAL ACTIVITIES
DOI:
https://doi.org/10.32782/2786-8273/2026-12-6Keywords:
international settlements, non-documentary forms, exporters and importers, advance, payment to an open account, bank transfer, digital currency, smart contracts, tokenization of assetsAbstract
Introduction. The article examines the organizational principles of carrying out the main non-documentary forms of settlement in the financing of international activities, such as an advance, payment to an open account, bank transfer. With the development of financial technologies and the impact of digitalization on the international financial system, the study of non-documentary forms of settlement in the financing of international activities between exporters and importers and the emergence of new innovative settlement tools is relevant. Purpose. The purpose of the article is to study the organizational principles of conducting non-documentary forms of settlement in the financing of international activities, to identify the advantages and disadvantages of the choice of forms of settlement for the exporter and importer, to study new innovative settlements in the export-import activities of counterparties within the limits of non-documentary forms. Methods. The conducted research is based on the complex application of qualitative (analysis, synthesis, induction, deduction) and quantitative research methods (economic-mathematical, economic-statistical, graphical), the use of structural analysis. Results. On the basis of the conducted research, the advantages and disadvantages of non-documentary forms of settlement for exporters and importers in financing international activities have been identified. The volumes of transactions on the interbank foreign exchange market of Ukraine with cash and non-cash foreign currency for 10 years (2015-2024) were analyzed, which indicate the scaling of trends in the use of non-documentary forms of payments and their integration into the international financial system. Conclusion. It was established that the influence of digitalization contributed to the development of financial technologies and the expansion of innovative settlement tools between exporters and importers, in particular, the emergence of digital currency, smart contracts, and tokenization of assets that can be used by counterparties when they choose non-documentary forms of settlement. It is important to implement and use innovative tools in non-documentary forms of settlement between counterparties.
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