Sme Accounts Receivable Asset Securitization Financing Model

The small and medium-sized enterprise already became important strength which promotes our country social economy continually, stable and the healthy development has played the vital role in the market economy system establishment and in the urbanization process. Presently, Our Small and medium-sized enterprise is facing "financing difficultly" this worldwide basis difficult problem, although the present financing channel and the way played certain role in solving the small and medium-sized enterprise financing aspect. But because the economic system and the market system restraint, under the traditional financing system arrangement, our country Small and medium-sized enterprise financed the difficult question to obtain the remarkable solution by no means, therefore needed to innovate the financing way to pave the new way!The account receivable securitization is a financing technology in the financial innovation mainstream. In recent years the theorists from the angle of financing difficulty of our country Small and medium-sized enterprise to propose to change small and medium-sized enterprise financing by the property negotiable securities the tentative plan and has made the beneficial exploration, but at present still does not have the securitization feasibility on the single small and medium-sized enterprise.This article utilizes the standard analysis method, proposed the small and medium-sized enterprise account receivable securitization associated financing model, and take Qingdao auto parts enterprises as the examples to analyze model design, the cost, the income and the risk guard carries, finally pointed out the questions needed to be solved for small and medium-sized enterprise account receivable associated securitization model. At the same time, this article thought not only securitization which solves the finance difficulty of small and medium-sized enterprise having the practical significance, moreover having the reality feasibility. Taking the experience of the present account receivable securitization example which has carried on is a more feasible choice, but the small and medium-sized enterprise securitization still did not have the precedent in our country to be possible to follow, therefore many analysis performed in the theory foundation to discuss, on the securitization product design, the financing cost and risk guard analysis mathematical model establishment and so on also existed the further research!...