A Study On The Sedimentation Funds Risk Of The Third Party Payment In The Case Of Alipay

With the development of the internet financial, the third party payment arises at the historic moment and to the traditional industry constantly infiltration, from simple settlement of payment to more areas. As a result of the third-party payment industry rules and operation order has not yet been established, how to prevent risks and strengthen the supervision is an important subject to study and solve.The third party payment as the mediation of funds collection payment, its risk is relevant to capital safety. In my study, I take the third-party payment precipitation funds as the research object base on the study of relevant literature, expound the forming mechanism of precipitation funds with the examples of alipay, compare and analyse the difference between precipitation and idle funds risk, and precipitate idle funds of financial risk using EGARCH model research, finally put forward some prevention suggestions based on relevant risk.The main content of this study are as follows:(1) through the risk identification, it can be seen that the third party payment precipitation funds mainly face legal risk, credit risk, liquidity risk and financial risk, etc.;(2)through comparative analysis of precipitation funds in transit and idle funds, the law of qualitative unclear and regulatory lag is a major source of risk in road of precipitation funds, the risk of precipitation and idle funds focused on financial risk due to its investment properties;(3) for third-party payment precipitation funds risk prevention, this study thinks that industry is the foundation of internal control, macro regulation is the key.