浅析内保外贷频繁履约问题

内保外贷是跨境担保的一种,当前在境内贷款额度收紧以及人民币汇率波动双重因素影响下,不少银行"内保外贷"业务急剧升温,从而使银行内保外贷履约成为资金流出的一个重要渠道.本文结合相关案例对银行内保外贷履约监管进行研究,并提出相关建议.     

现行政策下内保外贷潜在风险调查与对策——以天津市为例

随着我国对外直接投资规模的不断扩大,以及2014年的跨境担保外汇管理改革,内保外贷作为"走出去"企业获得境外融资的增信手段,经过快速增长后,近年出现部分业务的集中履约。由于内保外贷履约将引起国际偿付,给跨境资金流动和汇率稳定带来影响,因此内保外贷的集中履约一度引起学术界的关注和讨论。天津市内保外贷业务存在潜在风险,应从多方面予以防范。     

商业银行内保外贷业务的机遇与风险

近年来,贸易融资业务飞速发展,创新更是层出不穷,其中近几年发展起来的内保外贷业务更是受到银行和企业的青睐,在我国政府鼓励企业走出去的今天,内保外贷业务无疑是银行和企业的首选,内保外贷业务在存在巨大的发展空间的同时也存在很大的潜在风险,本文拟对业务的机遇与风险进行分析,为商业银行发展内保外贷业务提出几点建议。     

外保内贷新解

银行应在有效识别企业合理融资需求和科学防范风险的前提下,积极、稳健地开展外保内贷业务。长期以来,由于中国境内融资成本高于境外,所以中国企业通过跨境融资获得境外低成本资金的需求较为旺盛,银行推出的"内保外贷"、"内保外债"等产品在市场上受到热捧。然而近期市场风向出现了变化,向商业银行咨询外保内贷业务的境内企业日渐增多。     

内保外贷:能源型企业并购及项目开发融资新途径

近年来,在中国政府鼓励企业＂走出去＂的政策影响下,贸易融资业务飞速发展,创新更是层出不穷,其中,近几年发展起来的内保外贷业务更是受到银行和企业的青睐,由于其可以解决中国国内企业的境外全资附属企业或参股企业的境外融资问题,发展速度非常快。目前,中国国内一些大的金融机构利用自身海外分支机构及其庞大的代理行网络,内外联动,正大力发展内保外贷业务     

重视内保外贷的几种可能

自2010年7月外汇局调整了对外担保外汇管理办法,在诸多方面放宽了对银行办理对外担保业务的限制之后,内保外贷业务迅速发展,在一定程度上解决了境外投资企业融资难等问题,对支持境内机构“走出去”提供了便利。但在日常监管中,外汇局新疆分局发现,在内保外贷业务发展中也存在一些问题,需加以关注。     

内保外贷实案

内保外贷是一种通过跨境贸易融资不断滚动套利的低成本融资运作手段,但受中国外汇管制束缚,其规模与形式始终得不到突破,且无法普遍适用于所有银行和企业。随着人民币国际化进程加速,内保外贷模式的创新与政策的进一步放开成为银企普遍关注的话题。     

银行内保外贷业务的风险管理

内保外贷业务对于商业银行来说既是机遇，也是挑战；商业银行既要以此促进业务发展，也要适当控制风险。     

完善外资融资租赁公司外债管理

目前，外资融资租赁公司享受比银行外债规模还宽松的外债管理政策，而且对外担保不受担保指标控制。于是，一些公司钻政策的空子，通过内保外贷等方式，借入大量外债资金叙做中资企业的售后回租业务，变相为内资企业借用外债，以规避外债管理政策。     

江苏省企业“内保外贷”政策效用分析

长期以来,融资难问题一直制约着江苏省"走出去"企业的生存与发展。2011年下半年,国家外汇管理局进一步放宽了企业对外担保的政策限制,企业的"内保外贷"业务在江苏快速发展,缓解了这一难题并产生了很多积极效应。但该项业务在发展过程中也存在着一些问题及风险隐患。本文结合江苏实际,在分析企业"内保外贷"政策效用基础上,提出了完善管理的政策建议。     

Almanac of anticipations: The age of affluence—of anticipation—of anxiety—of automation—of discontinuity—of longing—of overkill—of space exploration

With this survey of developments in the futures field since 1945, I.F. Clarke completes his present series for Futures. He makes two major points: that forecasting techniques have become essential tools in the management of change; and that nuclear weapons and ecological problems have added a moral dimension to the study of the future. In the next issue of Futures he will start a new series on the range of future-thinking in the USA, from the expectations of the first settlers to the Star Wars programme.     

基金公司经营融资融券业务的问题审视

融资融券业务正式运营已经开展,为证券市场带来了革命性的改革,作为证券市场的一大主体,基金公司面对融资融券也迎来了新的发展方向和挑战,本文从融资融券业务的运行机制入手,分析了基金公司融资融券的新契机,并对其即将面临的问题进行审视和剖析,进而提出策略建议.     

对基层人民银行科技工作的几点建议

银监会分设后,人民银行将专司货币政策、金融稳定、金融服务三大职能。作为人民银行的分支机构,基层人民银行的工作重心也将从金融监管调整到这三大职能上来。人民银行的科技部门,就要积极运用科技手段,为人民银行履行新的职能发挥“服务、支持、促进、发展”的作用。一、围绕三大职能搭建五大平台经过“六五打基础、七五作准备、八五大发展”几个阶段后,人民银行相继实现了核算电算化、清算网络化和办公信息化。特别是近一两年来,陆续开通了大额支付系统、信贷登记咨询系统、会计四集中系统、金融信息服务网站等系统,人民银行信息化水平又…     

The Usefulness of Measures of Consistency of Discretionary Components of Accruals in the Detection of Earnings Management

Abstract:  Prior research has shown the prevalence of measurement error in models used to estimate aggregate discretionary accruals. In these models, the incremental information content of the various components of accruals is ignored. Limited prior research and data gathered from firms under Securities and Exchange Commission (SEC) litigation indicate that managers use either one or more than one component of accruals simultaneously, in a consistent way to manipulate bottom-line earnings in a given direction. I propose two measures that capture the consistency between the discretionary components of accruals and test their significance in earnings management (EM) detection in firms that have artificially added accrual manipulation and firms that were targeted by the SEC for accrual manipulation. There is evidence that this information is incrementally useful in detecting EM. This finding paves the way for improvements in the discretionary accruals measure by including consistency information from the components of aggregate accruals.     

Summary of Results of Survey of Seminar Attendees

Abstract

The Society of Actuaries undertook a three-phase research project on mortality improvement in the three NAFTA countries: Canada, Mexico, and the U.S. Phase 1 consisted of a literature review of papers on projecting mortality levels in the future and a study of the trend in mortality improvement during this century. Phase 2 consisted of a discussion of different facets of modeling mortality rates at a seminar attended by 79 experts (actuaries, demographers, economists, and medical researchers) representing different countries. The last session of the seminar consisted of the completion of a survey by the attendees to obtain input for Phase 3, which would analyze the impact of mortality improvement on the social security system of each country. This paper summarizes the results of the survey.

The survey results illustrate the difficulty in forecasting mortality levels, because the effects of many factors that could have significant impact on mortality rates are unknown. This suggests the need for dynamic forecasting, which allows for the possibility of random shocks. A majority of the survey respondents believe that stochastic forecasting models, despite their complexity, have significant potential to add value. Respondents also believe that both historical data and cause-specific mortality forecasts are useful as input and also in validating forecasts of the aggregate levels of mortality. The challenge is to develop more sophisticated forecasting models to produce results that are relatively easy to interpret and to communicate these results to the desired audiences, including the public and policymakers.

The survey results suggest that the aggregate effect of lifestyle changes, medical advances, diseases, catastrophe, and physical environmental changes is an increase in life span. However, there is much uncertainty about the future. Respondents expect that beyond the year 2020 the mean annual rate of reduction in mortality for males age 65 and over will average about 0.58% for Canada, 0.76% for Mexico, and 0.67% for the U.S. The results for the female age 65 and over population are 0.64%, 0.83%, and 0.70%, respectively. The age 65 and over population is expected to see larger percentage reductions in mortality than the 0–14 and 15–64 populations. The reductions in male and female mortality will be ultimately the same, and the mortality levels in the three countries will ultimately converge, although differences may persist for decades.     

社会主义所有制形式的改革、完善与共产党执政能力的提高

在中国,所有制形式的调整、改革与完善,先进生产力的发展,党的执政能力建设,是社会主义建设过程中密切结合在一起的三个不同层面的发展关系.应在相互促进和共同提高中促进社会的和谐发展,保证社会主义现代化建设战略目标的顺利实现.     

银行软件项目外包管理分析

一、引言随着国民经济的不断发展,银行业务与外部企业的联系越来越密切。银行正逐步成为现代经济活动的中心,作为数据处理核心的银行业务应用也越来越大型化、越来越复杂化,因此许多银行也把软件项目逐步由原来的自主开发转变为与公司合作的方式,或直接外包开发的方式,银行本身的技术人员也逐步由开发转向项目管理。二、项目外包的分类银行项目的外包有以下几种情况:①部分子系统外包,有时由于银行的软件项目太大,单靠银行自身的开发力量基本无法在预定的时间内完成项目,只好把相对独立的部分外包;②直接购买软件公司的成熟产品,有些金融软…     

银行管理信息平台建设发展的思考

一、目前国内银行IT发展现状及面临的问题 银行数据集中工作的完成,标志着银行的业务由电子化建设阶段转入信息化建设阶段.一方面银行数据的集中提供了丰富全面的基础数据,面对日益庞大的数据源,如何将数字转化为对银行有用的信息,并从中发现知识,为银行的经营决策提供支持,是摆在银行IT人员面前的一个亟待解决的问题.另一方面用户对银行信息的需求日益增长,如果银行没有一套完整、实用的信息管理系统,将对业务发展非常不利.南京爱立信公司倒戈花旗银行事件曾经轰动一时,其中一个重要原因就是中国本地银行不能满足爱立信全球总部对南京爱立信公司的要求:每周财务上报和每天贷款限额管理.这一事件为中国商业银行的未来发展敲响了警钟,如果不加快管理信息系统的开发,迅速提升业务管理水平,类似的事件还会接连不断地发生,并最终导致国内商业银行在同国外商业银行的竞争中全面溃败.     

Separation of Unit of Account from Medium of Exchange

The separation of a unit of account (UoA) from a medium of exchange (MoE) in the commodity–money system is investigated by considering explicitly a seller's choice of UoA in terms of either an MoE or a unit of metal weight. If the likelihood of debasement of an MoE and its rate are high enough, the price is posted in terms of a unit of metal weight rather than an MoE. Interestingly, this MoE–UoA separated equilibrium yields the flexible nominal price, whereas an MoE–UoA integrated equilibrium yields the sticky one. This implies the nominal price rigidity in the fiat‐money system where MoE and UoA are integrated.     

金融企业员工考核系统的设计

一、概述 为配合公司人事考核制度的贯彻执行,保证该制度执行过程中各项工作能够长期、高效、准确地完成,我们开发了公司员工考核系统,实现了人事考核工作中员工投票、考核统计、考核信息分析、报表生成等功能,减少了人事部门人员的手工操作,提高了考核工作的自动化程度.