Supply Chain Financing Account Receivable Financing Models And Credit Risk Evaluation

After decades of research and development,supply chain management has made greatachievements in logistics and information management,efficiency improved,cost reduced.Butnow capital become to be the bottleneck of the improment of supply chain.Core enterprise insupply chain is in the important position,so that they put more cash pressure on theirsuppiers,most of which are SME.While for SME,on one side they meet the pressure ofaccount receivable increasing,on the other side they have difficulties to get financing frombank.Under this background,bank created a new finance product—account receivablefinancing based on supply chain.As a new financial product,it pays more attention to thecondition of the whole supply chian,the credit level of core enterprise and the real dealcases,so that it makes it possible for SME to get financing from back. At the same time,bankcan earn more money from this.This paper mainly studies the modle of account receivable financing under supply chainfinance and credit risk evaluation.Part one shows the background and gole of this study,andlet pepole know it is important to develop this financial product.Part two gives some theoriesrelated in this paper,supply chain finance and its modles, extension analytic hierarchy processand so on,which laid the theoretical foundation of this paper.Part three uses game theory toanalysis the actions of the participants of two financing modles and then give a comparative.itcomes to the conclusion that accounts receivable financing under supply chain financeinvolved core enterprise,which has higher credit leval,so that it makes SME more easier toget the financing from bank through supply chain finance.Part four build the credit riskevaluation index system and uses extension analytic hierarchy process to evaluat the creditrisk of account receivable under supply chain finance.Different from traditional accountreceivable financing, it involves core enterprise and supply chain condition into the evaluationmodle,which improves the credit leval of this financial product and makes it possible for SMEin the position of supplier in the chain to obtain financing by accounts receivable.This articleis just basic research about account receivable under supply chian financing.Wish it can givesome suggestion to all participants about this financial product.