商业银行开展国际保理业务的法律思考

国际统一私法协会制定的《国际保理公约》将保理定义为:卖方/供应商/出口商与保理商之间订立的一种契约关系,根据该契约,卖方/供应商/出口商将其现实的或将来基于其与买方(债务人)订立的货物销售/服务合同所产生的应收账款转让给保理商,由保理商为其提供以下服务中的至少两项:(     

创新“国内C保理”实现多方共赢

"国内C保理"是指卖方将其以往的基于其与买方(债务人)订立的货物销售或服务合同项下产生的逾期应收账款转让给银行,由银行为卖方提供销售分户账户管理、逾期应收账款的催收与清收服务。"国内C保理"是由中国银行股份有限公司河南省分行开发并命名,由中国银行总行国际结算部审批推广使用的新产品。河南省分行在总结多年实践经验,并结合传统保理业务特点的基础上,提出专门为企业管理和清收逾期应收账款的保理产品,并将其命名为"国内C保理"。"C"是英语单词"CLAIM"缩写,意思是指银行根据客户委托,为国内客户提供逾期应收账款的管理与催收服务。     

国内保理业务存在的问题及对策

国内保理业务是指销售模式为赊销的企业(卖方)与银行签订应收账款转让协议,将现在或将来的基于其与买方订立的货物销售合同所产生的应收账款转让给银行,由银行为其提供集融资、销售分账户管理及应收账款催收等业务于一体的综合性金融服务.     

国内保理风险识别和授信风险控制

国内保理业务作为一款贸易融资类信贷产品，这几年受到追捧，得到了较快的发展。何渭国内保理？国内保理就是指卖方将其现在或将来的、基于其与买方订立的基础商务合同所产生的应收账款根据契约关系转让给银行，由银行针对受让的应收账款为卖方提供应收账款管理、保理预付款和信用风险担保等服务的综合性金融产品。     

商业银行国内保理业务的法律属性

<银行家>:什么是保理?它有哪些种类? 宋国锋:保理(factoring),即保付代理的简称,又称为代理融通、应收账款承购等.对于保理业务,金融界和法律界都没有一个统一的定义.一般而言,保理业务是指在赊销、托收等贸易背景下,保理商为卖方(即销售商)提供贸易融资、销售账务管理、应收账款催收和坏账担保(即买方信用担保)的综合性金融服务,在具体的保理业务中保理商可能只提供上述四种服务中的两项或三项.     

国际保理融资

正请问国际保理业务如何处理?能否结合实例具体介绍一下操作流程?(浙江省陈伟清)专家:保理(Factoring),又称托收保付,指卖方(供应商)与保理商(银行或财务公司)之间存在一种契约关系,根据该契约,卖方将基于其与买方(债务人)现在或将来订立的货物销售/服务合同所产生的应收账款转让给保理商,由保理商为其提供下列至少一项的服务:信用风险控制与坏账担保、贸易融资、应     

保理业务：金融业新的利润增长点

保理(Factoring),也称保付代理,是指卖方和买方签约并交付货物之后,将发票提交给保理商(factor),保理商对其债权进行购买,然后再向买方收取应收账款的一种协议。在这个协议中,保理商同时为卖方提供信用销售控制、销售分户账管理、债款回收以及坏账担保等综合性的服务。其核心内     

国际保理：企业和银行双赢的选择

根据国际统一私法协会《国际保理公约》对保理的定义，保理是指“卖方／供应商／出口商与保理商间存在的一种契约关系。根据该契约，卖方／供应商／出口商将其现在或将来的基于买方（债务人）订立的货物销售／服务合同所产生的应收帐款转让给保理商，由保理商为其提供下列服务中的至少两项：贸易融资、销售分户帐管理、应收帐款的催收、信用风险控制与坏帐担保。”     

应收账款保理业务的功能及其应用

应收账款保理业务综合了多项功能,使得其相对于单一的融资服务和收账管理具有很大的优势。开展应收账款保理应是企业目前摆脱应收账款困扰的有效途径。文章阐述了应收账款保理的功能及特点,提出了企业如何进行应收账款保理的具体建议。     

保理业务登场便利企业融资

保理是以供应商信用销售所产生的债权转让给保理商为基础，由保理商为供应商提供贸易融资，应收账款催收、信用销售控制和销售分户账管理、信用担保等的两项或多项金融服务，是以债权转让为基础的几项金融产品的组合。这一产品组合包括贸易融资、销售分户账管理、应收账款催收以及信用担保等项目。从银行的角度来看，它是中间业务和资产业务的结合。从企业的角度来看，根据企业的不同需求，它可以是结算工具或信用销售控制工具，也可以是融资理财工具，还可以是上述工具的总和。     

Debt and Taxes and Uncertainty

With a graduated personal tax schedule, Miller showed that there could be an equilibrium debt supply for the corporate sector as a whole. In the presence of uncertainty there is also a unique debt/equity ratio for each individual firm, and this ratio is related to the firm's operational risk characteristics. However, if firms merge and spin off in response to tax incentives, the identity of firms is ambiguous and only the corporate sector is a meaningful construct. These arguments are developed in both discrete and continuous models that employ extensions of the arbitrage-free pricing theory.     

教育与资本怎样的前景怎样的现实

来自政府的声音: "动员各种社会资源,发展教育" 此次论坛上财政部长助理张少春的发言是最受关注的发言之一.他的演讲传达出的信息有这样几方面:第一,谈到现实,他认为全社会对教育的巨大需求与我国公共投入不足已成为我国教育事业发展的突出矛盾.近年来,以公共部门投入为主,多渠道筹措教育经费的教育投入机制成为解决这一问题的重要途径,也使得公共部门与私营部门在教育领域的合作日益密切.第二,谈到前景,他认为,1.中国经济持续、快速的增长对高技能人才产生巨大的需求,这为私营部门的参与提供了广阔空间.2.随着公共财政职能的不断完善,财政资金将在各项教育事业中重新进行分配,进一步优化财政支出结构,提高资金的使用效率.在"十一五"期间,我国将把公共支出的重点转移到农村.我们将逐步把全体农村适龄儿童的义务教育全部纳入公共财政体制.     

Director gender and mergers and acquisitions

Does director gender influence CEO empire building? Does it affect the bid premium paid for target firms? Less overconfident female directors less overestimate merger gains. As a result, firms with female directors are less likely to make acquisitions and if they do, pay lower bid premia. Using acquisition bids by S&P 1500 companies during 1997–2009 we find that each additional female director is associated with 7.6% fewer bids, and each additional female director on a bidder board reduces the bid premium paid by 15.4%. Our findings support the notion that female directors help create shareholder value through their influence on acquisition decisions. We also discuss other possible interpretations of our findings.     

Political corruption and mergers and acquisitions

This research examines the relation between political corruption and mergers and acquisitions (M&As). We find that local corruption increases firm acquisitiveness but decreases firm targetiveness. The levels of corruption in acquirer areas relate positively to the bid premiums and negatively to the likelihood of deal completion. Corruption motivates acquiring firms to use excess cash for payment, which mitigates the negative effect of corruption on acquirer shareholder value. The evidence indicates that acquisitions help acquiring firms convert cash into hard-to-extract assets and relocate assets from the high to low corruption areas, thereby shielding their liquid assets from expropriation by local officials.     

East and west and north and south : A preliminary model

The Brandt report and other proposals for a new North-South world order continue to be the focus of lively debate, yet it is often argued that little concrete has emerged from their recommendations. A major reason for this, the author argues, is that the East-West conflict component is not sufficiently taken into consideration-East-West tensions are a severe constraint on and a determining factor of North-South relations. Using influence diagrams, the author develops a flexible framework for discussion and assessment of N/S-E/W relations.     

Trust and cross-border mergers and acquisitions

A number of studies suggest that social trust matters for investment. Using different measures of trust from World Values Survey, we show that countries where people display higher levels of trust engage in more cross-border M&A activities. When they do, these acquirers pay lower premiums. To the extent that these acquirers also tend to engage in larger acquisitions as well, our findings suggest that a larger selection pool of potential targets and higher value targets enable these acquirers to negotiate for lower premiums. We do not find evidence of the significant effect for target country trust levels. Hence, trust may benefit those acquiring firms in cross-border transactions.     

Tournament-based incentives and mergers and acquisitions

This research examines the relation between tournament-based incentives, which are proxied by the difference between a firm's CEO pay and the median pay of the senior managers, and mergers and acquisitions (M&As). We find that tournament-based incentives are positively related to firm acquisitiveness and acquiring firms' stock and operating performance. Further analysis indicates that positive acquisition performance increases the likelihood of the CEO being promoted from inside the acquiring firm. Our evidence is consistent with the view that tournament-based incentives motivate acquiring firms' managers to make greater efforts and take more risk that result in superior acquisition performance.     

Corporate Innovations and Mergers and Acquisitions

Using a large and unique patent‐merger data set over the period 1984 to 2006, we show that companies with large patent portfolios and low R&D expenses are acquirers, while companies with high R&D expenses and slow growth in patent output are targets. Further, technological overlap between firm pairs has a positive effect on transaction incidence, and this effect is reduced for firm pairs that overlap in product markets. We also show that acquirers with prior technological linkage to their target firms produce more patents afterwards. We conclude that synergies obtained from combining innovation capabilities are important drivers of acquisitions.