Research On Financing Scheme Of Accounts Receivable In International Freight Forwarding Enterprises

Shanghai has been an important landmark of international trade since the last century with its natural geographical advantages and humanistic environment. The throughput of Shanghai Port has occupied top three of world ports for many consecutive years, thereby proving that Shanghai is the gathered divergent area of international logistics and a transport hub. As an important part of international logistics industry-international freight forwarding industry also realized multiplication type development with China’s rapidly economic development, and both business scale and enterprise number are sharply increased compared with that in the previous years. The operational essence of international freight forwarding business is to act as the agent for the owner of cargo, provide cargo transportation services, and earn commissions or spreads; the financial statements reflect the main business revenue and cost basically with collection and payment. Upstream of the international freight forwarding companies are shipping companies, the downstream are shippers, thereby the international freight forwarding companies are disadvantaged to some extent, and thus total amount of receivable balance account is large due to mismatched account period, the problem of high cost proportion in the current assets is common in the freight forwarding companies, and the characteristic of underestimating their own assets make them very difficult to obtain loans in traditional bank credit business. From the bank perspective, division of manufacturing and circulation enterprises due to industrial upgrading, and the adjustment of the operating model will affect the banking business structure, banks must change with the economic trends and enter the field of financial supply chain area, thereby developing the credit business in line with the supply chain operational characteristics.Based on demands of both parties, account receivable loan should be designed forinternational freight forwarding company. The product has corporate receivables as pledge, which is multiplied by an certain mortgage rate, and then effective amount of the pledge can be calculated, thereby forming the pool of receivables, trade finance products can be purchased within the pool’s amount. The risk control points of the product include transaction records of buyers and sellers in the past, real trade background of receivables, receivables registration of pledge, self-financing of repayment and capital operation closed management. Due to the use of technology shield, the business transfers a part of the credit risk to the operating risk, high requirements were proposed to the credit business loan review, money-lending during loan and post-lending management, monitoring on each loan everyday would consume a lot of manpower which increase labor and risk cost.In order to improve the efficiency and reduce cost, this paper applied information technology means to optimize operation. The concept of converting information into data, and forming automatic operation order and more accurate information through integrated processing is proposed, and the target of’recording once for use during the whole process’ and’automatic triggering, timely alarm and accurate recommendation’ can be realized through sharing the information flow, logistics and capital information. Meanwhile, three client end use and recommendation forms are suggested on the basis of controllable product risk, enterprise demand and feasible operation.