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 Italy. The surveys show that 80-90 per cents of sales are paid on a deferred payment basis of 90 days on average and a delay of 11 days. 83 per cent of trade credit is extended on...
