Research On Bulk Commodities Supply Chain Finance Mode

Along with China's rapid economic development,the production and trading amount of industrial and agricultural commodities have growth tremendously.Specialized division of enterprises helps to form supply chain from upstream suppliers to downstream end-users.Enterprises have financing demand in various links of the supply chain,but in the traditional bank credit system,small and medium-sized enterprises(SMEs)generally have difficulties in financing.Supply chain finance breaks through the traditional credit model and provides a new approach to solve the financing problem of SMEs.At the same time,the commodity has the characteristics of standardization,easy storing and high liquidity,which also provides a good foundation for developing supply chain finance.Therefore,it is of great practical significance to study the supply chain finance mode of bulk commodity for resolving the financing difficulties of SMEs and promoting the development of commodity industry.This paper summarizes the current situation of bulk commodity industries,and summarizes the definition,features and theoretical background of supply chain finance.On the basis of analyzing the participants and financing needs of bulk commodity supply chain transactions,the traditional business mode of bulk commodity supply chain finance led by commercial banks and the mode led by supply chain financing service providers are studied and compared.Commercial banks are forerunner in bulk commodity supply chain finance and provide finance service to enterprises basing on three typical modes: connected storehouse financing,certified storehouse financing and account receivables financing.Meanwhile,the supply chain financing service providers integrate supply chain and capital source through platform operation,and provide comprehensive services to the enterprises including trade matching?storage?logistics and financing,which constitutes a multi-level supply chain finance service system consisting of “capital end-service end-demand end”.The service providers have made innovations and practices in aspects of service subject,application scenarios and product patterns,etc.,which provides the enterprises in supply chain with new financing channels beside commercial banks.Commercial banks and supply chain financing service providers propose differentiating solutions to the upstream and downstream enterprises,both of which are competitive as well as complementary,and it greatly promote the development of bulk commodity industry.Meanwhile,under the background of deeper financial reform and rapider scientific and technical development,both of them should maintain continuous innovative exploration and practice to meet the needs of industrial customers.