The purpose of the research is to study the historical development stages of factoring in the world, to develop proposals and recommendations about the emergence of factoring in connection with the use of commercial credit and its transformation into a modern tool of business financing.

The methodology of the research - systematic approach, generalization and comparison, analysis grouping and deductive methods were used in the research process.

The practical importance of the research - the main results of the research and the offered proposals can be used in the activity of economic entities as the main basis for the formation and development of the factoring services market, which is a free financial instrument compared to bank credit and risk insurance in the innovative development of the national economy.

The results of the research are based on the preparation of justified proposals and recommendations on the impact of the process of globalization of the world economy on the formation and development of the factoring services market.

The originality and scientific novelty of the research. A special indicator-factoring quota was proposed to determine the place and role of factoring in the development of international trade.

Keywords: factoring, commodity credit, bank credit, risk insurance, globalization, factoring quota.