Benefit Analysis of Receivables Securitization in Electric Heating Industry-Takes Tianfu energy as an Example
- Songqin Ye, Huan Yang
- Corresponding Author
- Huan Yang
Available Online May 2019.
- https://doi.org/10.2991/icmete-19.2019.37How to use a DOI?
- Accounts receivable; Asset securitization; Enterprise financing
- Receivables securitization is a kind of credit asset securitization, which is a financing process to restructure the receivables of enterprises that lack liquidity but have future cash flow to issue marketable securities in the asset pool formed. Since the 20th century, the majority of China’s various fields have started to involve in this financing mode. As the first order of asset securitization project in domestic power and heat supply field, Tianfu energy has provided positive demonstration cases for listed companies in China to carry out receivables securitization and realize market-oriented resource allocation. This paper analyzes the process of the securitization of accounts receivable of Tianfu energy from the perspective of finance and market, on this basis, also analyzes the economic benefits brought to the enterprise by the securitization, and finally puts forward relevant suggestions and experience enlightenment for the problems existing in the financing process.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Songqin Ye AU - Huan Yang PY - 2019/05 DA - 2019/05 TI - Benefit Analysis of Receivables Securitization in Electric Heating Industry-Takes Tianfu energy as an Example BT - 2019 International Conference on Management, Education Technology and Economics (ICMETE 2019) PB - Atlantis Press SN - 2352-5428 UR - https://doi.org/10.2991/icmete-19.2019.37 DO - https://doi.org/10.2991/icmete-19.2019.37 ID - Ye2019/05 ER -