应收账款融资的制度选择及风险防范——金融危机背景下的反思  

On System Selection and Risk Prevention of Accounts Receivable Financing

作　　者：孙超[1] 

机构地区：[1]山东大学法学院

出　　处：《北京理工大学学报（社会科学版）》2010年第4期98-101,共4页Journal of Beijing Institute of Technology：Social Sciences Edition

基　　金：2008年度教育部人文社会科学重点研究基地重大项目《他物权制度的现代化问题研究》(2007JJD810167)

摘　　要：应收账款融资在我国有广阔的发展前景，但美国金融危机的爆发却提醒我们金融创新中的信用风险如影随形。在肯定应收账款担保融资与应收账款转让融资丽类基本的融资方式后，也要根据各种融资方式风险大小的不同，为其设置相应的风险防范机制。特别是在以交易未来为本质特征的转让融资中，要尽力确保未来利益的顺利变现。美国金融危机虽为应收账款证券化敲响警钟．但我国仍应肯定这种融资方式，惟在制度设计上要注意自由、效率与安全的平衡。There are broad prospects for the development of accounts receivable financing in China. However, the outbreak of financial crisis in the USA reminds us of the risks accompanied with financial innovation. After affirming the pledge and the assignment of accounts receivable, risk prevention systems should be adopted according to the different risks of different means. Especially in assignment of accounts receivable, which is characterized by trading future benefits, it is necessary to assure the future benefits can be converted into realistic benefits. Although financial crisis sounds the alarm for asset securitization, we should admit this method of financing. Attention should be paid to balance freedom, efficiency and security in system designing.

关 键 词：应收账款融资 应收账款担保 应收账款转让 金融危机 

分 类 号：F275[经济管理—企业管理]