By 2022 the biggest share of factoring market will be held by 8-10 largest transnational network factoring companies. They will assure low prices and acceptable quality due to the scale effect. They will occupy the largest share in the international factoring market . The working process between two companies from the same network will be more efficient and safe than two-factor system or policy of one of the largest credit insurance company.

At the same time a considerable amount of small factoring companies will appear, each of them working with up to several dozens of clients. They will offer a larger service volume and a more personalized service. Regenerated securitization will become the main source of funding for such companies. Serious efforts will be needed to convince investors that monitoring of securitized portfolio can be organized on the highest level so that it will eliminate a considerable amount of risks, however this task will be completed.

New factoring markets will appear: first in Asia and then in Africa. Many Russian specialists, especially those who have a wide experience of factoring development in 90’s and 00’s will be invited to work for these companies and even to be at the head of the business. As a result Russian will become the second most spread language among expat communties after English. A “special mission” of Russian factoring specialists in developping countries will become in due course as considerable as Soviet delegations of engineers and military specialists that 30 or 40 years ago came to developping countries which have chosen the socialist model.

The term “factoring” itself will undergo changes. For several years it will be refused for image reasons in favour of the term “commercial finance”. Nevertheless, after a while there will rise a mouvement of defenders of “true factoring” (for the reasons of differentiation) where according to traditional definition finance is no more than one of the components of the service.