Obligations clearing as a means of optimization of the intercompany payments system

The peculiarity of the holding companies is the formation of the domestic market in which the holding companies trade with each other: sell each other goods or provide services at domestic prices. Thus, intra-group operations are woven into the economic activities of holding companies. The need for proper registration of economic relations between the companies of the holding, related trade relations, creates additional costs for the holding as a whole. This circumstance actualizes the search for ways to reduce these costs and improve the efficiency of mutual settlements, one of which the authors consider the construction of a clearing system. The article shows the risks and benefits of the use of clearing obligations, the system of normative regulation of clearing in holdings, the economic effect of the creation of a clearing center of a group of interrelated companies. The study found that the creation of an intercompany settlement center contributes to the balance of incoming and outgoing financial flows, reducing the risk of liquidity shortages...