辽抚钢铁公司应收账款不良债权收购项目风险控制研究

发布时间：2018-03-26 16:30

本文选题：不良资产收购　切入点：风险识别　出处：《吉林大学》2017年硕士论文

【摘要】：随着我国经济结构的调整和转型,经济发展增速减缓,生产型企业出现应收账款增多、资金回收周期长和不能如期收回欠款的情况,企业不良债权的大量增加造成流动资金紧张的问题日渐严重。由于传统银行贷款融资往往需要提供抵、质押资产担保,造成企业在自身有限的资产条件下通过贷款融资来补充流动资金愈发困难,需要寻求新的融资渠道。而四大金融资产管理公司面临着商业化转型,不断拓展新的业务领域,对非金融机构不良资产,如企业应收账款不良债权的收购业务已被提出并实际开展,也契合了企业寻求新的融资渠道的需要。随着该类业务的深入推进,项目运作过程中不同程度出现了担保措施不足、风控措施不能全部落实、影响债权安全的重大事项未及时发现并有效应对等问题。各类风险的不断出现,直接影响到收购债权的安全运作和顺利退出。如何实现对项目运作风险的全面识别和有效控制成为制约此类业务发展的首要问题。本文从金融资产管理公司的视角出发,对开展非金融机构不良资产收购和处置业务过程中,如何有效控制项目风险进行了分析和研究。本文首先对非金融机构应收账款不良债权收购项目风险控制研究的背景、意义进行了阐述,对拟采用的研究方法和前期理论研究成果进行了介绍。之后,以金融资产管理公司收购辽抚钢铁持有的上海钢铁、大连钢铁应收账款不良债权项目为载体,简要介绍了项目运作情况,以及识别项目风险所使用的主要方法,对决定该项目是否可行的宏观风险识别结果进行了论述。在此基础上,将辽抚钢铁公司应收账款不良债权收购项目分为前期调查、中期实施和后期管理3个阶段,对每个阶段存在的风险按照风险分析、风险控制的思路展开研究。根据辽抚钢铁应收账款不良债权收购项目各阶段调查取得的财务数据和信息资料,运用专家调查法、财务报表法、环境观察法等分析方法,查找每个阶段可能出现的不利因素及潜在风险点,对每个风险点进行系统分析,并提出相应的管理方法和控制措施。对于金融资产管理公司收购辽抚钢铁持有的上海钢铁、大连钢铁应收账款不良债权项目风险控制的研究,首先,丰富了金融资产管理公司开展非金融机构不良资产收购业务风险管理的理论研究。以辽抚钢铁应收账款不良债权收购项目为载体,对该类业务运作过程中各阶段可能存在的风险点进行研究和分析,为同类项目的风险防控提供了系统、科学的管理方法和具体措施。其次,通过对具体项目的分析研究可见,非金融机构不良资产收购业务的风险通过采取有效的应对措施加以预防,项目风险是可控的,该类业务可以进一步推广实施。在业务创新过程中,通过有效防范风险,有利于促进金融资产管理公司培养和提升核心竞争力。再次,非金融机构不良资产收购业务的广泛开展,也为各类企业又增加了一条在传统银行贷款等方式以外的可行的融资渠道,能够为企业经营发展提供新的、有效的金融支持。
[Abstract]:With the adjustment of our economic structure and the transformation of economic development, the growth rate slowed down, production enterprises accounts receivable increased, the recovery of funds can not be recovered and the long cycle of arrears cases, bad creditor's rights of enterprises resulted in a substantial increase in tight liquidity problems have become increasingly serious. Because the traditional bank loan financing is often required to provide credit guarantee, pledge of assets that caused by enterprises in their limited assets under the condition of financing through loans to supplement liquidity more difficult, need to seek new financing channels. And the four major financial Asset Management Co facing business transformation, continuously expand new areas of business, the non-performing assets of financial institutions, such as bad debt accounts receivable of enterprises should have been the acquisition of business this paper puts forward and development, but also fit the needs of enterprises to seek new financing channels. With the deepening of business operation in the process of the project. Different degree appeared insufficient security measures, risk control measures are not fully implemented, the major issues affecting the security of creditor's rights is not found in time and effect of equivalence problem. All kinds of risks appear, directly affect the safe operation of the acquisition debt and a smooth exit. How to achieve a comprehensive recognition of the project operation risk and control effectively become the most important issue this restricts business development. This article from the perspective of financial Asset Management Co, to carry out non acquisition and disposal of non-performing assets of financial institutions in the business process, how to effectively control the project risks are analyzed and studied. Firstly, the accounts receivable bad debt acquisition project risk control research background of non financial institutions should, significance. The research methods adopted and previous theoretical research results are introduced. Then, the financial Asset Management Co acquired Liaoning Fushun Steel Iron Hold the Shanghai iron and steel, Dalian iron and steel accounts receivable bad debt project as the carrier, briefly introduces the operation situation of the project, and the main methods used to identify project risks, to determine whether the macro risk identification feasible results of the project are discussed. On this basis, the Liao Fu Steel Corp accounts receivable bad debt acquisition project for the preliminary investigation, the mid and post implementation of risk management in 3 stages, each stage exists according to the risk analysis, risk control research ideas. According to the Liao Fu steel should be made every stage of the survey accounts receivable bad debt acquisition project's financial data and information, using the method of expert investigation, financial report, environmental observation the analysis method, and potential risk of negative factors to find every possible stage, systematic analysis of each risk point, and put forward the corresponding management methods And control measures for the acquisition of Asset Management Co. Financial holdings in Shanghai iron and steel iron and steel Liao Fu, Dalian iron and steel research, the risk control of accounts receivable bad debt project first, enrich the financial Asset Management Co to carry out theoretical research of business risk management of non-performing assets acquired non financial institutions. In Liao Fu steel accounts receivable bad debt acquisition projects as the carrier, may in every stage of the business operation risks in the process of research and analysis, provides a system for risk prevention and control of similar projects, scientific management methods and specific measures. Second, through the analysis of the specific project visible, the risk of bad assets acquisitions of non-financial institutions to prevent the effective response measures of project risk is controllable, the business can further promote the implementation of business. In the process of innovation, through the effective prevention of wind Insurance, is conducive to the promotion of financial Asset Management Co to foster and enhance the core competitiveness. Thirdly, acquisition of non-performing assets of non-financial institutions to carry out a wide range of business, but also for all kinds of enterprises added a feasible financing channels in addition to traditional bank loans and other means, to the enterprise business development and provide a new and effective financial support.

【学位授予单位】：吉林大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.31;F406.7;F272.3

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