Analysis Of Internet Receivables Financing Platform

In recent years,based on the phenomenon that a large amount of working capital is tied up in accounts receivables of enterprises in the supply chain occupies,the concept of financial supply chain is put forward,taking the entire supply chain as a whole.Through the circulation of accounts receivable,etc.The funds occupied by the collections are revitalized,thereby improving the financial status of the supply chain.In particular,China's SMEs are at the low end of the supply chain,and a large number of accounts receivable cannot be collected in time.Due to the urgent need for funds,SMEs choose to use accounts receivable for financing.However,traditional financing instruments such as factoring are costly,inefficient,and demanding,for SMEs to get capital.The emergence of accounts receivable financing platform,through the exchange of account receivables has the potential to lower financing thresholds,reduce financing costs and improve financing success rate and efficiency.However,as a new financing model,relevant researches are currently very scarce.Based on the above background,this paper studies the mode of accounts receivable circulation.This paper first introduces the current researches status and related concepts of accounts receivable financing.Through the comparison of representative accounts receivable trading platforms at home and abroad.This paper analyzes the current industry environment of China's existing accounts receivable financing platforms,problems and challenges.This paper takes the model of the accounts receivable exchange platform as a case,systematically discusses the account receivable exchange mode.Through the analyses of the platform formation mode and business model,this paper discusses the characteristics and innovations of the receivable circulation model carried out by the H platform.This paper builds a model of the income and risk by systematically analyzing the income and risk features of a typical accounts receivable transfer model with repurchase option of the platform.The model provides theoretical support for the analysis of account receivable exchange model and related decisions such as fees.Based on the model,the following conclusions are drawn: the platform needs to improve its own business model and strive to reduce the cost of each service;the initial creditor needs to consider the financing cost and platform liquidity,and rationally use the platform financing;and as a whole,the platform needs to set an optimal pricing standard and margin ratio to maximize the overall revenue.Finally,the article proposes policy recommendations for improving the macro environment,improving market transparency and investor enthusiasm,reducing financing costs,improving platform construction and business innovation,and has theoretical and practical guiding significance for promoting the healthy development of financing platforms.