Receivables Securitization Financing Motivation And Effect Research

As a new financing tool,asset securitization has been widely used in domestic and foreign capital markets.The green development concept put forward by the 13 th FiveYear Plan has further promoted the support of national policies for green products.Therefore,in the national industrial structure of green low-carbon transformation,the construction of a green economic system in the background,electrical equipment manufacturing industry ushered in a favorable development opportunities.While green asset securitization has been developing for more than 10 years in China,there are not many green asset securitization products in China.In this paper,"Triad accounts receivable first phase of green asset support special plan" as an example,using the theory and case study comprehensive analysis.Firstly,the concepts related to green finance and asset securitization are expounded,as well as the related theories involved in this paper.Secondly,a brief summary of the main situation of Triad company,the company's main adverse financial situation,and " Triad accounts receivable first phase of green asset support special plan" introduced.Third,the main content of this paper," to Triad accounts receivable securitization because of the starting point,from The Redd accounts receivable quality management and financing needs of the two aspects of analysis;From the traditional financial index to the enterprise value index to evaluate its financing effect,from the above analysis to summarize the impact of accounts receivable securitization financing on enterprises.Finally,the discussion of this paper summarizes,and puts forward corresponding suggestions for optimizing the securitization of accounts receivable,so that enterprises can improve the financial value effect from this financing channel.This paper summarizes through case studies that it has a positive impact on enterprise financing effect by selecting accounts receivable with better quality as the basic asset of securitization of asset securitization.In considering the excellent order financing and financing efficiency,before selecting financing instruments,enterprises should make investment decisions in the light of their own development,not blindly use assets for securitization business.At the same time,combined with the theory of maximizing the value of enterprises,enterprises should not only consider the financial data brought about by financing,but also future-oriented development.According to the resulting research theory,the proposal for securitization financing of accounts receivable in the electrical equipment manufacturing industry is refined for reference.