存货质押

运用激励理论，拓展分析存货质押三方契约背景下物流企业提供信息服务时的激励问题。

With principal-agent theory , we discuss the incentive problem of logistics company information service under tripartite contract of inventory pledge loan .

存货质押贷款中的信号发送&甄别分离均衡

Combined Signaling-Screening Equilibrium in Inventory Pledge Loan

存货质押业务中银行对物流企业的最优激励契约

Bank 's Optimal Incentive Contracts with Logistics Enterprises in Inventory Financing

存货质押业务下物流企业的风险管理

The Risk Management of Logistics Enterprises Under the Stock Pledge

标准存货质押融资业务贷款价值比率研究

Research on Loan - to - value Ratios of Standard Inventory Financing

存货质押融资业务的流动性风险度量

Liquidity Risk Measurement of Inventory Financing

但是分次赎货模式的应用给银行带来了新的风险，尤其是动态存货质押业务中的以货易货模式。

The multiple stock redemption brings new risks to the inventory financing business , especially the barter mode .

信贷合约设计是近年来兴起的存货质押融资业务的关键环节。

Credit contract design is a key process of inventory financing business rising in China in recent years .

在存货质押融资的风险中，本文重点研究质押物的价格风险及其控制问题。

Among various inventory finance risks , this thesis mainly looks into the price risk and how to control it .

最后本文介绍了作者所在的中远集团对存货质押融资业务的实践。

As well , this paper introduces the practice of inventory financing by COSCO which the author is working for .

物流金融必然要涉及到物的流动，存货质押融资始终是物流金融的核心。

Logistics finance inevitably involves the flow of stock and mortgage financing is always the core of the logistics finance .

存货质押融资业务是企业，特别是中小企业的，一种非常重要的融资方式。

Inventory financing is a very important financing means to business enterprises , especially to the small and medium-sized enterprises .

进而在理论推导基础上，以实际中银行和物流企业合作开展的存货质押融资业务为背景进行案例分析。

Based on these theory results , the case about inventory financing developed by banks and cooperating logistic firms is analyzed .

研究结论为供应链金融下存货质押融资信贷决策的协调机制设计提供了一个思路。

The study results provided an idea for the credit decision coordination mechanism design of inventory financing in supply chain finance .

从现有实务和理论研究来看，存货质押融资风险管理一直是制约其发展的关键。

From the existing practices and theoretical researches , the risk management of inventory financing has been the key constraints of its development .

在存货质押业务中，物流企业同时作为金融机构的代理人和融资企业的委托人。

In the inventory pledge loan , logistics enterprise acts as the agent of financial institution and the principal of finance company . 2 .

在存货质押融资业务分析模块，介绍了国内质押融资业务的发展历程、运作模式和风险辨识。

In the inventory financing analysis module , the thesis talks about the history the operation pattern and the risk identification of inventory financing .

当金融机构对物流企业采取爪回条款时，物流企业在一项存货质押业务中获得的收益与金融机构收回贷款的速度同向变动。

Revenue of logistics enterprise changes in the same direction of the recovering speed of loans when financial institution takes a " Claw-Back " clause .

因此，在实践中，作为供应链金融产品之一的存货质押融资业务得到广泛应用，并在国内外银行业实务中取得了巨大成功。

Therefore , in practice , inventory financing as a financial products has been widely used and had a great success in domestic and international banking .

此外，针对存货质押融资的现状，本文还将清算延迟、流动性风险和非零的触发水平等情况引入基本模型中进行了拓展研究。

Moreover , with the extensions for realistic implementation , this paper introduces time to capture , liquidity risk and non-zero trigger level into the basic model .

国内外理论界虽已对存货质押融资业务进行了较多的研究，但定量研究还较少。

Although there have been a lot of research on inventory financing service in theoretical circle at home and abroad , but quantitative researches is still relatively small .

存货质押作为我国供应链金融中最为主要的业务模式之一，以存货作为质押物缓释贷款的信用风险。

Inventory financing , as one of main business models of supply chain finance in China , make inventory as the pledge to strongly mitigate credit risk of loans .

中小企业较低的信用度使其很难向银行贷款，而存货质押融资较好的解决了这一难题。

It is difficult for small and medium sized enterprises with low credit to obtain capital from the banks , but this problem can be solved well by inventory financing .

研究存货质押贷款中，当信贷人对借款人质押前违约概率信息不对称时，考虑借款人信号发送行为时对借款人的甄别。

On inventory pledge loan , creditor can screen on borrowers with asymmetric information of ex ante default possibility , when taking into account borrowers'signaling action by acquiring a credit score .

存货质押融资是当前物流金融领域中最重要的形式之一，也是物流运营中拥有巨大潜力一个的新的经济增长点。

Inventory financing is one of the most important form in the current logistics financial areas , and is a new economic growth point in logistics operators which has a great potential .

最后，对存货质押、应付账款（保兑仓）、融通仓模式进行风险识别给出相应的控制措施。

The last part of the essay analyses the pledge of inventory , accounts payable ( security against the warehouse ) to finance positions in pattern recognition are given the appropriate risk control measures .

本文回顾了供应链金融的相关理论，总结了供应链金融服务的外部环境和供应链金融服务的框架，并重点介绍了存货质押融资服务。

This paper reviews the theory of supply chain finance , summarizes the external environment of the supply chain financial services and supply chain financial services framework . This paper highlights the inventory financing services .

建立了供应链上企业间决策与银行信贷决策之间关系的基础模型，从而为展开和深入研究供应链金融背景下存货质押融资业务的信贷决策奠定了模型基础。

We established the basic model of the relationship between corporate decision and bank credit decisions in the supply chain , and built a good credit decision-making model basis to expand and deepen supply chain inventory financing .

存货质押融资是物流金融最为典型的运作模式。存货质押融资业务顺利开展的前提条件是如何有效地计量和控制风险，最为显著的是由质押物价格波动引发的价格风险。

The inventory finance business is one of the most typical and important operation models of logistics Finance . And the extremely important precondition of this model is risk controlling , especially the risk caused by the price fluctuating .

存货质押融资业务作为解决中小企业融资的方式之一在国内外都有所发展，这种业务模式在解决银行和企业委托代理问题的同时，引入了新的银行与物流企业之间的委托代理问题。

As one of the ways to solve SME financing difficulty warehouse financing , it is widely developed all over the world . While solving agent-principal problem of banks and enterprises , this pattern causes new agent-principal problem of banks and logistic enterprises .