基于供应链金融的应收账款价值评估

Value Assessment of Accounts Receivable based on Supply Chain Finance

中小企业作为一个庞大市场主体,在促进经济发展中发挥着重要的作用,但是融资难题一直是其生存和发展瓶颈。供应链金融作为一种新兴的专门针对中小企业的融资模式,其中应收账款融资服务模式应用最广泛。但是对于应收账款仍然是采用传统的评估方式,未全面的考虑应收账款价值以及影响风险的因素,导致应收账款的价值不能准确的被评估。基于银行视角,重新考虑影响中小企业应收账款价值的因素,运用Credit Metrics模型将风险进行量化,进而确定中小企业应收账款的价值,并运用实例进行适用性的研究。

As a huge market entity,SMEs(small and medium-sized enterprises)play an important role in promoting economic development,but the financing problem has always been their survival and development bottleneck.As a new financing mode for SMEs,supply chain finance is the most widely used one.However,the traditional evaluation method is still adopted for the accounts receivable,and the value of accounts receivable and the factors affecting the risk are not fully considered,which leads to the fact that the value of accounts receivable cannot be accurately evaluated.Based on the bank’s perspective,the factors affecting the value of SMEs’accounts receivable were reconsidered,and the risk was quantified by using the Credit Metrics model,so as to determine the value of SMEs’accounts receivable,and the applicability was studied by examples.