Our Country Commercial Bank Accounts Receivable Pledge Loan Problem Research

With the continuous development of China’s financial market, commercial banks increased emphasis on risk control and business development. In the provision of loans to enterprises, increasingly high request was asked on pledge goods, especially on real estate, mainly because it has a larger market value. However the real estate is more sensitively affected by the economic environment, industry policies and other external factors,and from the current situation, because of the lack of unified and efficient registration system in chattel mortgage and right pledge, China’s commercial banks have formed a relatively homogeneous structure, of loan guarantees, which have a greater risk of loans. With the outbreak of the global financial crisis, China’s commercial banks has given way to increasing awareness of the importance of this issue.In 2007, Property Law, which clearly defined accounts receivable as a new kind of right,was introduced and expanded the scope of the property that can be used to guarantee. This provision has undoubtedly provided a legal guarante,and to some degree, filled the legal defect in secured financing. As a result, chattel mortgage loans, able to effectively disperse and dissolve the risk of loans, help commercial banks to improve the existing structure of loan guarantees.With the rapid development of China’s socialist market economy, SMEs have played increasingly large role in the national economy and drawed widespread attention by all sectors of society. But the difficulty in obtaining loans is a long-term constraint for SME development. The problem is that they have no real estate to pledge. To develop collateral accounts receivable financing, not only provides a new way to financing for businesses, but also enriches the varieties of Chinese commercial bank’s credit. Besides,it has become a new profit growth point and enhanced the market competitiveness of China’s commercial banks.While the new property law has made the required pledge on accounts receivable, but this new system of guarantees of the pledge is still a lack of more comprehensive and detailed provisions. In practice,we need to explore more operational methods and more practical risk prevention measures.Firstly,this paper started from basic theory,clearly defined the concepts of receivables, pledged accounts receivable and accounts receivable as security for loans. Secondly, with the combination of practice and analysis of the status of accounts receivable financing pledge,this paper found the main features of accounts receivable financing pledge in China’s commercial banks. Also,it illustrates the significance from two angles of banks as well as enterprises. Thirdly, From loan applicants, accounts receivable creditor’s rights, as well as buyer conditions, accounts receivable as security for loans should have some basic conditions. Fourthly,take a commercial bank as an example,this paper carried out a detailed analysis. Finally, based on theory and practice,this paper makes a in-depth analysis of the risk of the accounts receivable as security for loans in China’s commercial banks and provided a number of risk prevention measures and recommendations.