摘要
在信息定性分析的基础上,研究适合福建中小企业供应链金融的资产证券化模式。研究认为:在当前福建尚无供应链金融资产证券化案例的情况下,更适合选择成熟的围绕核心企业信用反向延伸的"1+N"中小企业供应链金融资产证券化融资模式;实施"1+N"模式时要严格执行基础资产入池标准及核心企业标准,建议首选供应商接受的保理模式(或选择良好资质的证券公司)及良好资质的其他中间服务商,以确保供应链金融资产证券化投资者的利益。随着"1+N"模式在福建实践的不断成熟,供应链金融资产证券化模式可逐步"去中心化",采用不再需要供应链中的核心企业为中上游中小企业提供信用支持的"M+N"模式。
This paper makes a qualitative study of the pattern of financial asset securitization which is suitablefor the supply chain SME in Fujian province. Research findings suggest that since there is not yet real practiceof supply chain SME financing in asset securitization in Fujian province , it is wise to adopt the more maturepattern of “1 ＋ N” in reverse extension from credit of the core enterprise on the supply chain in SME’s financialasset securitization. During the process of the “1 ＋ N” pattern implementation, the criteria for underlying assetspooling and core enterprise should be strictly implemented, and supplier-accepted factoring mode or wellqualifiedsecurities companies and service providers selected so as to ensure the interests of investors in supplychain asset securitization financing. With the “1 ＋ N” pattern maturing in Fujian province , the supply chainSME financing in asset securitization will be gradually decentralized to turn to the “M ＋ N” pattern whichrequires no credit support to upstream and midstream SME by the core subjects in the supply chain.
出处
《厦门理工学院学报》
2017年第4期52-56,共5页
Journal of Xiamen University of Technology
基金
福建省中青年教师教育科研项目(JBS14139)
关键词
供应链金融
资产证券化
中小企业
福建省
supply chain finance
asset securitization
small and medium-sized enterprises
Fujian province
