Research On Optimization Of Forfaiting Business In Bank Of Ningbo

With the development of trade, the traditional mode of financing is difficult to satisfy the more and more flexible way of trade, Forfaiting Business because of it s low price, do not take credit, non-recourse-advantage has gradually become an im portant indispensable product trade finance business. At present, Forfaiting Business in Bank of Ningbo is on the initial stage, there is still a certain gap compared wit h advanced banks.Firstly, theoretical analysis explains the definition, the applicable object of Forf aiting and access conditions in this paper, then make introduction of Forfaiting busi ness process in Bank of Ningbo at present, the main varieties of Forfaiting are busi ness under letters of credit for traditional trade, business under international credit f or the cross-border trade as well as business under collection, according to their re spective characteristics,these three typeof forfaiting business in Bank of Ningbo are introduced.Secondly, the paragraph use lots of data of the international business in2014 to analysis the status and current situation of Bank of Ningbo in market in order to estimate the current development level of Forfaiting Business in Bank of Ningbo, through the Bank of Ningbo’s Forfaiting Business volume, price, cooperate d banks and other financing products, overseas financing platform, the impact of ex ternal factors, the development of products and in different branches to solve the pr oblem of Forfaiting Business in Bank of Ningbo.Thirdly, through the case analysi s, the passage focuses on lots of new products, e.g. the negotiation of export docu ments, commissioned by the entrance of forfaiting, different currency Forfaiting and risk participation innovation etc and the value-added business which the market res ponded enthusiastically.Take the hierarchy analytic process, this part summarizes th e advanced experience from foreign banks, the state-owned banks, joint-stock banks,and city commercial banks,which reflected in the mode of operation, innovation a nd value-added services.Finally, on the basis of the empirical analysis, combined with the problems exi sted in Bank of Ningbo, the passage makes suggestion on optimization of Bank o f Ningbo’s forfaiting business from following seven parts:the expansion of the coop eration network,to create exclusive financing platform for Bank of Ningbo, make ch anges to direct buyout business model, product innovation, the use of regional char acterize strategy and external dividend policy, strengthen the value-added services a nd actively seek the cooperation of third party.