| Warehouse receipts pledge is an extension business of traditional storage and transportation to the development of modern logistics. At the same time, it is also seen as a financial product. It can comparatively corporate for China's current market status quo: difficulties in enterprises financing and in bank lending so as to solve the contradictions between banks and enterprises. With warehousing enterprise to a third-party guarantor, financial risk can be effectively avoided, and China's current difficulties that credit system is not sound can be well solved.How to determine an appropriate loan-pledge-rate is the key to warehouse receipts pledge business in the principle of controllable risk, so as to achieve a tripartite win-win situation. Research of the loan-pledge-rate is the main line of this paper. After concept, reasons and efficiency of the warehouse receipts pledge being introduced in short, the risk component facts are focused on studying and three key controllable factors of the loan-pledge-rate are presented, such as the level of corporation credit, price volatility, and warehousing strategy. Then, with the case of credit assessment of China Import and Export Corporation assessed by China Minsheng Bank, credit assessment method of single customer is elaborated, and an Z-SCOLE model is give to measure risk of single enterprise, and an optimal decision-making model by which bank can make integrated credit to enterprises is built gives. Continuing, with the tool VAR and knowledge of probability and statistics and mathematical soft MATLAB, the copper fluctuation law in Shanghai Futures Exchange is analyzed, and a Game-Analysis model of commodity price fluctuations is presented based on different price site in commodity sales cycle. Thus, based on Bank-Integrated-Credit and Game-Analysis model of price fluctuation-law and different warehouse strategies, a computing model of loan-pledge-rate is concluded. It is a quantitative model, which can accurately define loan-pledge-rate. Unluckily, its relatively complicated calculation adds to burden on bank, and the professional status of third-party logistics companies is ignored. Therefore, according to the case of "RongTai Logistics", a model is presented about improving business process. In the new process, third-party logistics enterprises is the core; trade logistics information platform is the support; after being credited by bank and warehouses resources being integrated, third-party logistics enterprises implement the guarantor role, instead the banks to assess customer credit and implement comprehensive crediting, and operate pledge financing business, so as to promote industry development.Focusing on quantitative research and combining with examples is the feature of this paper. Surely, good guide significance will be give to the development of warehouse receipts pledge business. |
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