| Supply chain financial is a tool of financing. Commercial banks will multipleparticipate in chain as a unified body, integrated credit and capital injected into thesupply chain, solution funding constraints of SME effectively, promote supplychain’s coordination, stabilize their strategic partnership, enhance thecompetitiveness of the supply chain. Pledge of accounts receivable financing as aninnovative tool of supply chain finance have occupied the financing system in manycountries and has become an important channel for corporeity’s finance. It can avoidthe risk from sudden changes in the quality of assets and derivatives effectively. In2007, china put it as collateral in property law and allows its circulation in thecapital markets.In China, supply chain finance especially the pledge of accounts receivablefinancing is in the initial stage of the development. Evaluation and quantitativeanalysis on the effect of the implementation of the business model of the supplychain can provide a reliable basis for the formulation of development strategy andstandardization of operation. Currently, the pledge of accounts receivable financingresearch is not full and comprehensive.The departure carries out a comprehensive performance analysis on the pledgeof accounts receivable financing. First of all, the use of system dynamics theory ofaccounts receivable financing model for quantitative research to prove theperformance of the receivables financing feasibility. Secondly, we choose the creditrisk as the greater impact on accounts receivable financing business from the macroand industry supply chain system risk, credit risk, guaranteed inventory risk andoperational risk. We construct credit risk evaluation index system of pledgefinancing of accounts receivable and establish a supply chain finance credit riskassessment model based on fuzzy neural network. Lay the theoretical foundation forthe development of accounts receivable financing business. |
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