【作者】 刘文娟；

【导师】 董振宁； 颜毅清；

【作者基本信息】 广东工业大学 ， 物流工程（专业学位）， 2016， 硕士

【摘要】 物流金融及供应链金融业务的本质就是为中小企业服务,为中小企业融资、拓宽物流企业和银行等金融机构的业务范围,从而实现多方共赢的目标,促进经济发展。由于申请贷款的中小企业信誉度的难以确定,经常导致融资方资金回收困难。因此,为了促进贷款业务的顺利进行,首先需要对每项业务的风险进行评级,再根据风险等级大小决定是否给予贷款,以降低贷款风险。第三方物流企业(以下简称3PL)可以通过向银行申请授信来单独开展订单融资业务,从而拓宽企业的业务范围,降低银行风险,为此,本文针对3PL企业开展订单融资业务时对融资企业的担保服务定价进行了研究。文章在分析订单融资业务流程模式的基础上,以“订单”为引线,分析不同阶段风险,构建了两阶段业务风险等级评价模型。风险评价分为两个阶段：第一阶段通过两个一级指标判断业务订单真实性。第二阶段构建了包括主体信用、质押率、订单履行能力、库存风险的指标体系,并详细阐述了各种不同指标的测定方法,运用指数函数、余弦函数、幂函数等处理方法,将各类定量指标统一投影到0-10分；然后分别运用ANP法和AHP法确定各类指标权重,从而构建风险等级评价模型；模型将风险分为5个等级,通过将业务最终得分与风险等级得分表对应,即可得到每笔业务的风险等级,从而为金融机构贷款决策提供参考。统一授信模式下的订单融资业务是一种新兴融资方式,3PL企业获得银行授信,从而开展订单融资业务,可以拓宽物流企业范围,同时降低银行的风险。文章在分析来自订单融资业务的业务评审费和风险成本的基础上,对贡献度指标进行了详细分析,从成本和收益角度为客户提供一个更合理的定价模型；并详细阐述了各定量、定性影响因素的处理方法。其中定量因素运用分段函数、正弦函数及幂函数等方法对具体定价进行处理,使定价更加细致合理。由此得到的担保服务定价模型,对于3PL企业根据融资企业实际情况进行定价具有一定指导意义。综合以上工作,为了使研究成果更具可操作性,本文以一个实际案例为例,分析了案例中3PL企业开展订单融资业务的风险等级评定及提供担保服务的担保定价问题,希望为3PL企业参与该类业务提供清晰地指导,引导更多符合条件的3PL加入订单融资业务地运作,促进银企之间的合作,加速中小企业地发展。更多还原

【Abstract】 The essence of logistics finance and supply chain finance business is a service for small and medium enterprises, Financing for small and medium sized enterprises,broaden the business scope of logistics enterprises and other financial institutions, to achieve a multi win situation, and finally promote the economic development. Because of the credit of the small and medium enterprises is too difficult to determine, which leads to some difficulties in the recovery of funds. In order to promote the loan business go on wheels and reduce the risk of loans, first needs to rating the risk of each business, and then decide whether to give loans to those applicants. The risk level of order financing business carried out in stages. Third party logistics enterprises (hereinafter referred to as 3PL) broaden business by apply for credit to the bank and product order financing business alone, so this paper studies the pricing of order financing for 3PL enterprises.The paper based on the analysis of the mode of order financing business, and then take "order" as the lead line, analyses its risk source from the different stages; finally, constructs a risk grade evaluation model. Risk evaluation process is divided into two stages:the first stage is to judge the authenticity of business order by two indexes. The second stage constructed an indicator system, which consists of two levels:the subject credit, mortgage rate, order fulfillment ability, inventory as four first grade indicators and a plurality of second grade indicators, what is more, the paper describes the evaluation methods of various indexes in detail. According to the different indexes using piecewise function, exponential function, cosine function, power function processing method to make its scores unification into 0-10. Then respectively using ANP method and AHP method to determine the weight of each index, finally constructs a complete risk grade evaluation model, which divided the purchase order financing business into 5 grades; the risk grade of each business can be obtained by contrast the final score of the business to the risk grade score table. The risk evaluation model can help decision-making of loan for financial institutions.Order financing under the unified credit mode is a new financing way,3PL obtain credit from the bank in order to carry out and participate in the order financing business, which provides a new way to help 3PL improve performance. This paper constructed a pricing model of credit guarantee, which based on the analysis from the order financing business review fees and risk assessment charges, the innovative one is analyzed the index of contribution in detail, so providing a more reasonable pricing system for customers from the perspective of cost and income.What is more, the paper has elaborated the pricing method for quantitative and qualitative index, when the quantitative indexes by using piecewise function, sine function and power function methods deal with the specific pricing, which help the index become more detailed and reasonable in pricing. Finally, this guaranty service pricing mode has certain reference significance for 3PL enterprises when pricing the order financing business according to the actual situation.Based on the above work, in order to make the research results more operability, the paper will analyze a practical case, in this case 3PL enterprises carry out the order financing business,and the paper analysis the risk assessment and security pricing issues of this case, Finally hoping to give some clear guidance for 3PL in this business, and guiding more 3PL which in the conditions participate in the Order finance business, promoting the cooperation between banks and enterprises, accelerating the development of small and medium-sized enterprises.更多还原