Cannari, Luigi; Chiri, Salvatore; Omiccioli, Massimo - Banca d'Italia - 2004
In this paper we examine trade credit terms in Italy on the basis of two original surveys carried out by the Bank of … of 11 days. 83 per cent of trade credit is extended on net terms (with no discount offered for prompt payment). When two …-part terms are offered, the cost of trade credit is normally very high and well above market interest rates. These results point …