论结构性贸易融资的风险管理  

On the Risk Management of Structured Trade Financing

作　　者：孙景蔚[1] 王经纬[1] 

机构地区：[1]杭州电子科技大学经济学院,浙江杭州310018

出　　处：《杭州电子科技大学学报（社会科学版）》2014年第2期23-27,共5页Journal of Hangzhou Dianzi University：Social Sciences

基　　金：浙江省哲学社会科学规划课题(11JCYJ04YB)

摘　　要：文章分析了三种典型的结构性贸易融资业务——国际双保理业务、"打包放款+出口押汇+提货担保+福费廷"业务、"出口信用保险+出口押汇(保单融资业务)"业务的业务流程,探究了其中各种组合融资产品的风险类型和特征,发现结构性贸易融资尽管通过业务流程的风险转换建立起了总体风险的缓释机制,但是业务流程各环节所存在的信用风险、市场风险、国家风险、操作风险等仍需加以控制和管理,文章提出了出口前准备期的风险预警、单据在途期的风险控制和付款延后期的风险补偿三者并重的风险防控和管理策略。The three kinds of typical structured trade financing business process are analyzed in this paper,including the international dual factoring business,the＂packing credit ＋ bill purchased ＋ delivery guarantee ＋ forfeiting＂business,and the ＂export credit insurance ＋ export bill purchase（warranty financing operations） business,and the risk types and characteristics of various combinations of financing products are studied thoroughly.It finds that there still exit risks in each step of the business process,such as the credit risks,the market risk,the national risk and the operational risk,which all need to be controlled and managed even if the overall risk controlled-release mechanism has been established by transforming the business process risk of the structured trade financing.It puts forward some operating strategies and the risk prevention and control for the risk pre-warning,the risk control during the term and the later risk compensation.

关 键 词：结构性贸易融资 贸易融资 风险管理 

分 类 号：F83[经济管理—金融学]