供应链融资三种基本模式的实践案例分析(可编辑).docxVIP

摘要中小企业在我国经济发展中扮演重要角色，但“中小企业融资困难”问题却成为制约其发展的瓶颈。近年来，我国商业银行针对中小企业推出一项新的金融服务——供应链融资，以期缓解其融资困境。本文主要选取供应链融资业务的真实案例展开分析，揭示供应链融资的实际效果，阐述供应链融资对缓解中小企业融资困境的作用机理，并通过测算核心企业的违约距离为供应链融资业务的信用评级做参考，最后为供应链融资的进一步发展和风险控制提出建议。文章首先对有关中小企业融资困境和供应链融资的国内外文献进行归纳总结，然后对供应链融资产生的机理进行了深入探讨，主要从银行信贷技术的发展以及实体经济的发展两个方面展开论述。之后，文章归纳介绍了供应链融资的三种基本模式（分别针对中小企业三个不同环节），并运用对比分析法，揭示三种基本模式之间以及供应链融资模式与传统融资模式的区别，进而梳理供应链融资的优势。随后，本文对国内商业银行开展供应链融资业务的实践进行了考察，并选取商业银行针对以上三种基本模式而设计的三个供应链融资实例展开分析，揭示供应链融资的实际效果，阐述其对缓解中小企业融资困境的作用机理，并运用KMV模型测算核心企业的违约距离，为供应链融资业务的信用评级提供参考。最后，文章针对研究结论为进一步发展供应链融资业务提出建议。 关键词 供应链融资 中小企业 融资模式 核心企业 商业银行AbstractSmall and medium enterprises (SME) play a significant role in Chinas economic development, but SME always face the shortage of funds, and many banks are reluctant to lend to SMEs. In recent years, the banks carried out a new business, the supply chain financing services, to help resolve the financing problems of SME. The purpose of this paper is to elaborate the resolve of the financing problems of SME through the cases analysis of the supply chain financing services carried out by banks. Firstly, the background of supply chain financing is discussed in this paper. Then, three models of supply chain financing are introduced and are compared with each other. Besides that, the supply chain financing is compared with the traditional financing, which is to show the former’s advantages. After that, three cases of the bank’s supply chain financing are analyzed. KMV model is used to estimates defaults distance of the core corporate. Case analysis shows that，the supply chain financing services can achieve a win-win situation for both banks and enterprises. On one hand, it can maintain deposits and bring a lot of intermediate business income and interest income. The success of supply chain financing services needs the multi-joint cooperation of the banks, the enterprises, and the third logistics supervision etc. However, the supply chain financing is also accompanied by a lot of risk, such as credit ri