The Financing Models And Credit Risk Management Of Supply Chain Finance

Conform to industry competition transformation from enterprises to supply chains, supply chain finance emerges. It is a new financing model specializes on Small-Middle Enterprise (SME). It brings the capital flow to supply chain management effectively, not only offering new types loan & financing service for inferior enterprise, but also building mutualism, persisted development and benign mutual action industry zoology between banks, enterprises and commodity supply chains by finance capital and industry economy collaboration. So, it is necessary to study theories of supply chain finance system, and open out its financing predominance and validity to improve SME's financing puzzledom consequently.This research mainly studies four parts of the financing models of supply chain finance and its credit risk management. Part one, the connotation of supply chain finance is discussed firstly; Then, trade cost theory, entrust supply theory, credit risk evaluate theory and credit spread option are analyzed and explained; Finally, core meaning of it is exposed, and theory basic for studying after is established. Part tow, the financing model of supply chain finance is reviewed firstly; Then, the act mechanism, credit risk and function of account receivables financing model, certified storehouse financing model and connected storehouse financing model are analyzed mainly; Finally, the SME's latency financing advantage with supply chain finance is discussed. Part three, the credit risk affection factor of supply chain finance is analyzed firstly; Then, SME credit risk evaluate index system is build, and evaluated with multi-level grey appraisal method; Finally, case is analyzed with above method, as well as the validity of supply chain finance is discussed quantificationally, impersonalitily and sciencely. Part four, the credit risk of supply chain finance is analyzed fatherly based on study above firstly; Then, the method of credit spread option is put forward to transfer and manage credit risk, Finally, the feasibility of credit spread option used in our market is analyzed and suggested more.The research is the basic research about supply chain financing, but the content in it is innovation and applicability in practice definitely. So, it is wished to offer some ideas for improving our SME's financing puzzledom.