摘要
随着保理融资各交易阶段的进行,保理商所承受的风险相对由高至低,保理商利润非负的临界质押率水平及利率水平都发生了相应的动态变化。从价格波动规律出发,以进出口保理融资业务为代表,在满足下侧风险限制条件下,提出保理商针对各交易阶段提供融资业务利率的决策模型,并在此基础上分析保理融资中质押率、价格、违约可能性与利率的相互关系。研究得出利率水平随着各交易阶段的进行呈逐渐降低的趋势,灵活把握融资各阶段质押物价值、违约等风险因子变化,有利于降低融资风险性。
The impawn rate and interest rate for non-negative profit will change dynamically with the risk factors bear going down as the factorage financing transaction phase goes on. Based on the price fluctuating regular pattern, and to meet the lower side of risk limits, the paper analyzes the import and export factorage financing, presents the phase-based interest rate model, and analyzes the correlation between the impawn rate（price/default rate） and the interest rate. The model tells that the interest rate will get down as the factorage financing goes on. Flexibly taking advantage of the changing conditions including the impawn rate, default rate and other risk elements, it could lower the financing risk.
出处
《河北工业科技》
CAS
2014年第2期100-105,共6页
Hebei Journal of Industrial Science and Technology
基金
四川省哲学社会科学重点基金(CJZ11-01)
成都市软科学计划项目(11RKYB006ZF-027)
关键词
利率
融资
存货质押
保理
interest rate
financing
inventory inapawn
factor
