Transactions with promissory notes in modern international practice

Despite the fact that the volumes of the Russian bill market have been steadily declining over the past five years, bills of exchange still represent an important segment of the Russian financial market, which was originated precisely with bills of exchange in the 90s. This article describes the most common transactions with promissory notes currently taking place in domestic practice and abroad. The article is mainly theoretical in nature and aims to reveal the essence of modern directions of using promissory notes in the economic practice of both financial and non-financial organizations.