A Game Study On Financing Of Accounts Receivable In Supply Chain Finance

With the constant changes of world economy situation,one new finance pattern---Supply Chain Fiance is getting more and more attention of all social circles,due to the joining of one new finance pattern,the competitions between the traditional supply chains are becoming much more fierce.In the wake of holding of G20 and Yunqi Cloud Town Computing Conference,the financing problem which disturbs many medium-sized and small enterprises has gotten much attention and been alleviated,with the help of Account receivable financing in Supply Chain Finance.Medium-sized and small enterprises can impawn the accounts receivable to banks for financing based on the good credits of the core enterprises in the supply chain.This behavior can alleviate the insufficient liquidity of enterprises which often happens because of the excessive receivables.This innovative pattern is able to guarantee the normal operation and good development of the whole supply chain,and help banks to pioneer new bossiness domain and find new point of profit growth.This article is based on the market background which has been introduced above,used the method of the theory combined with practice to expound the relative concepts such as account receivable pattern.From the perspective of banks,pointing to the credit rating system of accounts receivable financing among medium-sized and small enterprises,this article used Analytic Hierarchy Process(AHP)and Fuzzy Comprehensive Evaluation Method to analyze the situation of credit ratings and then put forward some suggestions for risk aversion.Then,under the background of Account receivable financing in Supply Chain Finance,Two stage game pricing model has been set up to discuss the whole game process which medium-sized and small enterprises,core enterprises and banks take part into together.According to the results of enterprises profits,and combined the optimal strategies,relative decentralized decision is regarded as the better choice than joint decision.Furthermore,combined with the polices of the awards and penalties on different lending rates which banks has adopted,this article found that only when the loan yields which is set up via banks are in the certain ranges,the core enterprises will repay the loans follow the treaties.By the researches,this article provided the theoretical basis and practical references for the medium-sized and small enterprises,core enterprises as well as the banks when they adopt Account receivable financing pattern to make strategy and decision in the management of credit risk.