ELECTRONIC WAREHOUSE RECEIPTS REGISTRY AS A STEP FROM PAPER TO ELECTRONIC WAREHOUSE RECEIPTS

  • Vlado Kovačević, Ph.D. Minister Adviser, Ministry of Agriculture and Environmental Protection of the Republic of Serbia
  • Vladimir Zakić, Ph.D. University of Belgrade, Faculty of Agriculture
  • Miloš Milovanović, M.Sc. Coordinator of FAO-EBRD projects in the Republic of Serbia
  • Jonel Subić, Ph.D. Institute of Agricultural Economics, Belgrade
  • Marko Jeločnik, M.A. Institute of Agricultural Economics, Belgrade

Abstract

The aim of this paper is to determine the economic viability of the electronic warehouse receipt registry introduction, as a step toward electronic warehouse receipts. Both forms of warehouse receipt paper and electronic exist in practice, but paper warehouse receipts are more widespread. In this paper, the dematerialization process is analysed in two steps. The frst step is the dematerialization of warehouse receipt registry, with warehouse receipts still in paper form. The second step is the introduction of electronic warehouse receipts themselves. Dematerialization of warehouse receipts is more complex than that for fnancial securities, because of the individual characteristics of each warehouse receipt. As a consequence, electronic warehouse receipts are in place for only to a handful of commodities, namely cotton and a few grains. Nevertheless, the movement towards the electronic warehouse receipt, which began several decades ago with fnancial securities, is now taking hold in the agricultural sector. In this paper is analysed Serbian electronic registry, since the Serbia is frst country in EU with electronic warehouse receipts registry donated by FAO. Performed analysis shows the considerable impact of electronic warehouse receipts registry establishment on enhancing the security of the system of public warehouses, and on advancing the trade with warehouse receipt.

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References

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Published
2016-08-31
How to Cite
KOVAČEVIĆ, Vlado et al. ELECTRONIC WAREHOUSE RECEIPTS REGISTRY AS A STEP FROM PAPER TO ELECTRONIC WAREHOUSE RECEIPTS. Economics of Agriculture, [S.l.], v. 63, n. 3, p. 801-815, aug. 2016. ISSN 2334-8453. Available at: <http://ea.bg.ac.rs/index.php/EA/article/view/198>. Date accessed: 20 nov. 2019. doi: https://doi.org/10.5937/ekoPolj1603801K.
Section
Original scientific papers

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