Some people may ask: Why do financing enterprises (sellers) need funds but need to give credit to core enterprises?
Because in supply chain finance, core enterprises are the key factors of financing. Core enterprises are in a strong position in the whole supply chain and can play a decisive role in the stability and development of information flow, logistics and capital flow in the supply chain.
Core enterprises have the right to decide the composition of supply chain, and have strict selection criteria and strong control over suppliers, distributors and downstream manufacturing enterprises. Based on the real trade background, supply chain finance often needs the cooperation of core enterprises in the design process, such as docking finance, determining historical business settlement, calculating reasonable quota, and entrusting payment funds. And the last one to pay the bill is the core enterprise, and Big Brother owes money.
Therefore, in supply chain finance, the evaluation focus of factoring companies is not the financial status of financing enterprises, but the status and financial status of core enterprises in the supply chain, as well as the competitiveness and management efficiency of the whole supply chain.
Core enterprise credit includes single core enterprise credit and group enterprise credit. Here is just a brief introduction to the credit granted to a single core enterprise.
Summarized as:
Basic credit information;
Analyze quota information;
Guarantee information;
Try to report correlation.
Basic credit information includes:
Credit types: new loans (the enterprise gives credit to the factoring company for the first time), increased loans (the credit line needs to be increased within one year due to business changes), annual review (re-credit once a year), and changes in conditions (the credit line changes due to changes in enterprise conditions).
Application amount: the amount of this credit (if simple, it can be based on the annual transaction amount of the enterprise, generally not exceeding 50%; If it is complicated, it should be considered comprehensively according to the information in the optimal adjustment report).
Whether the quota is cyclic: cyclic quota and non-cyclic quota.
The difference between revolving letter of credit and non-revolving letter of credit;
Revolving credit: 500W credit, after 200W credit, the remaining amount is 300W, and after the core enterprise repays, the remaining amount becomes 500 W.
Non-circulating credit: 500W credit, 300W after 200W credit, and 300 W after repayment by core enterprises.
Effective date and expiration date of the credit line: the starting and ending time of the credit line;
With or without guarantee: the guarantee enterprise may not be provided temporarily during the credit granting process;
Description of repayment source.
Sub-item quota information includes:
Sub-line refers to the credit granted by the factoring company to each basic product of the core enterprise. Generally speaking, the products of factoring companies include recourse/non-recourse, explicit factoring/implicit factoring, directional factoring/factoring pool/re-factoring, etc.
Product name: you can enter it in advance and select it here;
Grant amount: the grant amount of this product;
Credit Type: Credit Limit * * * Enjoy/Credit Limit Independent.
Quota * * * Enjoyment: It means that the granted amount of different products can be less than or equal to the applied amount of the enterprise.
Autonomous quotas: It means that the total reward for all products cannot be greater than the quota applied by the enterprise.
The guarantee information includes: if the application information is guaranteed, the guarantee information is needed; If the application information is not guaranteed, the guarantee information can be left blank.
Guarantee type: enterprise guarantee/natural person guarantee;
Name of guarantor.
Exhaustion report includes: the relevant information and importance of exhaustion report have been mentioned in the last article, and the importance of exhaustion report directly affects the credit situation of the whole business link. Interested friends can read my previous article. When the enterprise's best adjustment report is completed, you only need to associate the enterprise's best adjustment report here.
After completing the application, the business manager of the factoring company will conduct an audit within the factoring company. Generally speaking, the review process is as follows:
This process is mainly divided into:
The business manager initiates, and the business manager fills in the application information and submits it to the risk control manager.
The risk control manager approves and fills in the review limit and credit review report. Usually, the risk control manager and the business manager will inspect the operating conditions of the core enterprises together, write a credit review report, verify the best adjustment of the business manager, and give the review limit. The final credit line of the core enterprise is subject to the audit line filled in by the risk control manager.
The secretary initiated the letter review meeting. When initiating a credit review meeting, the secretary needs to choose the credit review members and the meeting place, and the number of members is odd; And make minutes of the meeting for later uploading.
Members vote, the selected members can vote online, and the voting can be divided into consent/rejection/conditional consent. Conditional approval means that when the enterprise meets the conditions put forward by the members, the members agree.
The secretary should count the results and upload the minutes of the meeting. When the voting result is in favor of the majority, the secretary shall make statistics on the results and upload the minutes of the meeting to the chairman; When the voting result is against the majority, the credit is terminated.
Issued by the chairman of the board of directors, who has one veto and agrees that the letter of credit will take effect, otherwise the letter of credit will not take effect when it ends.