Benefit Analysis of Receivables Securitization in Electric Heating Industry-Takes Tianfu energy as an Example

DOI

10.2991/icmete-19.2019.37How to use a DOI?

Keywords

Accounts receivable; Asset securitization; Enterprise financing

Abstract

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.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 2019 International Conference on Management, Education Technology and Economics (ICMETE 2019)
PB  - Atlantis Press
SP  - 152
EP  - 155
SN  - 2352-5428
UR  - https://doi.org/10.2991/icmete-19.2019.37
DO  - 10.2991/icmete-19.2019.37
ID  - Ye2019/05
ER  -