Theoretical approaches to simulation of optimal inter-branch lending rates in holding companies

Intra-company lending is an important tool for increasing the return on equity, improving the efficiency and cost competitiveness of enterprises and business units within large production structures and holding companies. This tool is particularly relevant as part of the holding’s internal management mechanisms in the context of a reduction in available external borrowings, tighter credit conditions, and rising rates on short-term borrowings. In the article the problems of intra-company lending is not only in the framework of institutional mechanisms for the effective management of large integrated industrial structure, but also taking into account the purpose of the loan, its impact on market outcomes of the unit the borrower and the management company-distributor of centralized financial resources of the combined company, as well as taking into account the risk structure of working capital and risk of loss breakeven production sector enterprises in its composition. The author offers a conceptual model of intra-firm crediting of production costs of structural divisions of a holding company, taking into account the mentioned factors of external and internal environment, which can form the basis of instrumental support for the system of intra-company calculations of a large integrated production structure.