The Application Research Of Inventory Financing In International Trade

In the cases of economic globalization and integration accelerate, international trade scale continues to grow, the enterprise trade financing needs the rapid expansion, the services subject of trade financing expand from banks to multiple, trade enterprise as a member of the supply chain, its financing capability in relation to the interests of the whole supply chain. Inventory financing is a new trade financing produced in this background with the characteristic of a logistics enterprise intervention. Inventory financing can make trade enterprise broaden the exogenous financing channels, reduce the financing costs, improve the competition ability of trade enterprises and the whole supply chain, can make a logistics enterprise obtain income both from the store and management of goods for enterprise and offer value evaluation and pledged supervision service for banks, can make bank evade business risks, improve credit assets structure, promote the profit space, so as to realize the trade enterprise, logistics enterprise and bank tripartite win-win situation.This article from the conception of inventory financing, expounds the background of the extensive application of inventory financing in international trade, introduces the application way of inventory financing in international trade such as warehouse receipt financing and confirming warehouse. Adopt longitudinal comparison analysis method (contrast the various stages of history development), research the evolution process of inventory financing at home and abroad and the characteristics of each stage. On this basis, sum up the challenges and opportunities when the enterprise applied inventory financing, explicitly pointed out that although inventory financing has positive role to break through trade financing bottleneck of trade enterprise, but trade enterprise also faces, the risks of external macro environment such as the national industrial policy, financial policy, the potentially loss from the product price swings, the enterprise internal debt structure and management level, and the loss from management and operation problems of logistics enterprise etc. risks. Based on the comprehensive examination of application status of inventory financing in China, apply lateral comparison (contrast at home and abroad) analysis method, summarizes the problems and the insufficiency of inventory financing's application in China, such as the quantity of trade enterprise that applied inventory financing is limited, the potential risk of supply chain is bigger, technology should be further enhanced, legal system is not imperfect, etc. Finally propose policies and suggestions for the bigger application of inventory financing in international trade, such as strengthening trade enterprise's self building, improve the reliability of supply chain, improve information technology level and perfect legal system etc.