Decision Of Pledge Rate In Inventory Financing Under Unified Credit Mode

In recent years,the inventory financing in our country which is the integration of logistics and financial services business has developed rapidly and gradually diversified development mode.Along with the rapid growth of the size of the third party logistics enterprise and business functions constantly improve,logistics enterprises have been playing a more important role in the inventory financing business.Gradually the unified credit mode of inventory financing business appears and the logistics enterprises is the main body of new model for inventory financing of the lender.In this mode,the logistics enterprises instead of bank become the subject of the operation of the business,so logistics enterprises need make their own decisions based on their business income and risk.This article revolves around the key indicators of inventory financing business decisions-loan-to-value ratio study,namely the unified credit granting mode inventory financing business loan-to-value ratio decision problem.This paper first analyzes the returns and risk of logistics enterprises in the inventory financing business under the unified credit mode,and then put forward the concept of the loan-to-value ratio decision.Then analyzes related influencing factors of the logistics enterprises about the loan-to-value ratio decision.Analyzed the pledge control mode,the pledge liquidation strategy,such as the borrowing enterprise business contribution factor's influence on the loan-to-value ratio decision.Based on analysis of influencing factors in the nonlinear programming method to establish the loan-to-value ratio decision model of logistics enterprises.In the process of modeling,logistics enterprises establish the initial loan-to-value ratio decision model based on the pledge of market prices and liquidity,the cycle time,the pledge control mode,the pledge liquidation strategy and other factors.Then make the initial loan-to-value ratio decision scheme and finally modify the initial loan-to-value ratio values based on the contribution of the borrowing enterprise business.In this paper,make case analysis with a company of electrolytic copper inventory financing business as the background and verify the availability of the model.Analyzed the pledge control mode,the pledge liquidation strategy,the borrowing enterprise business contribution to the logistics enterprise loan-to-value ratio decision making and the impact of business revenue.Study conclusion shows that logistics enterprises can improve the level of the pledge rate setting and their business income by increasing the number of pickup inventory,but when the number of pickup inventory is too many,the pledge rate and business income reduce instead.In addition,the logistics enterprises based on the borrowing enterprise business contribution loan-to-value ratio compensation scheme to ensure their income level higher loan-to-value ratio under the premise of giving the borrowing enterprise and make borrowing firms achieve more loans with the same stock loan amount.It effectively consolidate relationship between the borrowing enterprise and logistics enterprises.