内保外贷套利（Within the warranty loan arbitrage）.docVIP

内保外贷套利（Within the warranty loan arbitrage） Within the warranty loan interest, exchange arbitrage and export growth Authors: Xiao Liqiang, Luo Yi, Zou Tianjie Time: 2013, 05, 28 Importance: Depth Report Industry rating: Recommended Company rating: Related stock code: Read permissions: the article diamond card customers can read the full text Abstract: the name of the report: five of the shadow banking companies: the release of internal loans, interest arbitrage, arbitrage and exports have been increased Researcher: Xiao Liqiang, Luo Yi, Zou Tianjie Type of report: industry research * Special Report Date of report:Industry / sub industry: Banking Company name and code: Investment advice: recommend [Abstract] This report is for our shadow banking series of fifth people, mainly introduces the bank within the warranty loan business. Recently, enterprises through this business spreads, differences arbitrage, the domestic import and export trade, foreign exchange and bank generation, sale and sale of data have brought greater disturbance. We combed the warranty loan business of the arbitrage model, scale, analysis of the impact of hidden arbitrage, and that with the safe in May 20 issued, the future through this business into the mainland capital arbitrage will be convergence. First, what is the warranty loan? Within the warranty loan refers to a domestic bank in advance to the amount of external guarantees, for domestic enterprises registered overseas wholly-owned subsidiary or shareholding enterprises (hereinafter referred to as foreign investment enterprises ) to provide security, by overseas banks to issue loans corresponding overseas investment enterprises. In this business, domestic bank guarantee or standby letter of credit guarantee financing for enterprises overseas investment of domestic enterprises, without approval by in the amount of external guarantees within. Therefore, compared with other type of financing guarantee, within the warranty loan busin