Case Study On The Application Of Automatic Discount Services In Financing Of Automobile Supply Chain Enterprises

In the current critical period of China’s economic slowdown and supply-side reform,it is difficult for a single automobile manufacturer to maintain its competitive advantage in the market,and the automobile industry is facing the test of transformation and upgrading,there is an urgent need to unleash the dynamism of development through the supply chain financial system.With the quickening of the process of "two-track and one-track" interest rate,the narrowing of deposit-loan interest rate differential forces commercial banks to change their business model and develop intermediary business.At the same time,at present,the main mode of financing accounts receivable in the automobile industry is to use accounts receivable under real contracts as a source of repayment.On the one hand,this kind of transaction relationship based on the real trade background is in accordance with the request of the Bill Law on the issue and acquisition of the bill.In order to reduce the financing cost,release the development potential energy of automobile supply chain and expand the bank business,the measure of better introducing the commercial bill into automobile supply chain financial system is an important hand to support the real economy.By converting accounts receivable into commercial bills,the capital structure of enterprises can be improved,and the accounts receivable can be put to good use from the angle of reducing bad debt rate,thus stimulating the vitality of enterprises and improving the efficiency of capital utilization.This paper uses the case analysis method to analyze the significance and influence of the bill of accounts receivable on the automobile supply chain enterprises,thinking about the improvement direction of Commercial Bank’s bill innovation business.This paper first introduces the background,significance and innovation of the research on this topic.After classifying the domestic and foreign documents concerning automobile supply chain and commercial bills,this paper briefly describes the related financial theory and the background of automobile supply chain finance and bill market,and further explains the advantages of commercial draft in supply chain enterprises.Secondly,the paper innovation product of bank A—Automatic Discount is taken as the main analysis object,and the automobile supply chain with LH Company as the core enterprise is selected,the paper analyzes the objective situation of the up and down stream of the supply chain and the business process of bank A’s automobile supply chain bill products.Then in the analysis of core enterprises,chain-owned enterprises and banks in the three-way demand to demonstrate the "Automatic Discount" for the applicability of automotive supply chain,so as to promote the supply chain to other industries to provide a feasibility statement.Once again,through the comparative analysis of the "Automatic Discount" business,the discount pass business and the financial company bills,and the comparison of the existing risk points,it is concluded that there are some problems in the "Automatic Discount" service of Bank A,such as strict access,complicated audit process,low level of enterprise cooperation and low service coverage.In the following part,the author puts forward some measures and suggestions.This paper holds that:(1)In order to promote the invoicing of payment and settlement tools in supply chain,we should reform the existing accounting standards of risk assets and reduce the proportion of risk weight of discount.(2)Commercial banks should be customer-oriented when they develop the supply chain bill business.(3)The further development of the supply chain instruments should strengthen the non-cause of the instruments and clearly demarcate the boundary between the instrument assets and the credit assets so as to promote the circulation of the instruments.(4)To develop supply chain notes,the scope and quota of rediscount business should be further expanded.Through the experience of this paper,we can provide the improvement direction for a bank’s supply chain bill business,and also provide some suggestions for other domestic banks to innovate supply chain bill.