Trade credit and financing instruments / Lucia Gilbilaro.

Format:

Book

Author/Creator:

Gilbilaro, Lucia, author.

Series:

Finance and financial management collection. 2331-0057

Finance and financial management collection, 2331-0057

Language:

English

Subjects (All):

Credit.

Negotiable instruments.

Physical Description:

1 online resource (137 pages)

Edition:

1st ed.

Place of Publication:

New York, NY : Business Expert Press, 2019.

System Details:

Mode of access: World Wide Web.

System requirements: Adobe Acrobat reader.

Summary:

This book offers managers a complete analysis of the various facets of commercial credit and presents an analysis of the various types of markets, instruments, and risks associated with trade credit in supply chains across the globe. Trade credit is extensively used in both domestic and international commercial transactions. Although it clearly supports growth, its significance is even greater for developed countries, where the market has recovered remarkably since the global financial crisis. The number and heterogeneity of motivations to trade credit justify the variability observed in the data on global trading, and the role of trade credit has become crucial in supply chain coordination. A range of diverse trade credit finance solutions are available and include products and services offered by financial intermediaries and market products, highlighting a very interesting set of intermediate solutions that have emerged as a result of new technologies utilized in financial services. For financiers trade credit is an attractive option, but an in-depth evaluation of the possibility of losses forms the basis of a deep understating of numerous sources that can create credit risk (default and dilution risk). This book offers managers a complete analysis of the various facets of commercial credit and presents an analysis of the various types of markets, instruments, and risks associated with trade credit in supply chains across the globe.

Contents:

Cover

Trade Credit and Financing Instruments

Dedication

Brief Contents

Contents

Introduction

Chapter 1: Trade Credit around the Globe

Trade Credit around the World

Industry Segmentation

Segmentation by Firm Type

Synthesis: Multidimensional Segmentation

Conclusions

Chapter 2: Trade Credit: Theory and Empirical Evidence

Trade Credit across Economic Sectors

Corporate Characteristics and Trade Credit Motivation

Real Motivations

Financial Motivation

The Role of Trade Credit in Coordinating Business Relationships

Trade Credit and Economic Development

Trade Credit during the Financial Crisis

Conclusions.

Chapter 3: Trade Credit Financing Instruments

Trade Credit Financing Instruments: A Taxonomy

Bank Instruments

Self-Liquidating Loans

Factoring

International Trade Instruments

Supply Chain Finance Instruments

Market Instruments

Commercial Papers

Securitization of Receivables

Crowdfunding.

Trade Credit and Self-Liquidating Exposure: The Relevance of the Debtor

Legal Characteristics

Operational Characteristics

Chapter 4: Credit Risk Framework for Trade Credit Financing Exposure

Credit Risk Framework for Trade Credit Financial Instruments

Credit Risk Evaluation at the Individual Level

Default Risk

Dilution Risk

Credit Risk Evaluation at the Portfolio Level: Concentration Risk

References

About the Author

Index

Ad Page

Back Cover.

Notes:

Includes bibliographical references (pages 97-111) and index.

Description based on print version record.

ISBN:

9781948976022

1948976021