摘要
应收账款证券化是其中重要的一种,它不但能丰富企业的融资渠道,大大改善企业的财务管理状况,规范我国资本市场,而且能够推动各类中介机构的发展和完善,从而促进我国推动我国金融改革进一步深化。本文试图从财务的角度,将应收账款证券化作为金融创新的融资技术来系统讨论。首先,本文介绍了应收账款证券化的概念、基本流程和应具备的条件。其次,对应收账款证券化融资成本、收益和风险进行了探讨。最后,对中国网通应收款资产支持受益凭证的发行事件进行了分析,并对在证券化融资过程中应注意的问题提出建议。
Accounts Receivable Backed Securitizations is one kind of Asset Backed Securitizations （ABS）. Besides being able to enrich fundraising ways for enterprises and improve financial management, it can regulate capital market and promote the development of all kinds of agency branches, which will advance the healthy development of our counrty＇s market economy. This dissertation attempts to give an inclusive exploration of ARBS from financial way. First, it introduces the concept, operation mechanics and conditions of ARBS. Then, it discusses the costs, benefits and risks of ARBS. At last, it analyses deeply about the event of ARBS of CNC. also suggests problems which should be taken attention on in financing through ARBS.
出处
《中央财经大学学报》
CSSCI
北大核心
2007年第2期91-96,共6页
Journal of Central University of Finance & Economics
关键词
应收账款
应收账款证券化
证券化融资
Accounts receivable Accounts Receivable Backed Securitization Financing arrangement of ABS
