Credit risk challenges foreign trade-oriented dealers: Small business eager financial guarantee

Credit, is the international trade settlement method: first pay two or three deposit, 60 days to 90 days after the remaining payment. But this let has been accustomed to "paragraph to the delivery" of small and medium-sized foreign trade business is not comfortable, they worry about the risk of capital chain breakage. How does a business-to-business platform help these small and medium traders?

Dongguan Electronics Technology Co., Ltd. is a major production of u disk and other small digital equipment, foreign trade factories, products are mainly exported to Europe. Tan, the head of the company, said he was thrilled to receive a 2 million order. But in the other side of the demand for credit, Tan played back.

In fact, Europe and the United States and other developed countries accounted for more than 75% of credit, even in South America, Africa and other less developed regions have begun to adopt this mode of payment. And more than 90% of China's small and medium-sized foreign trade enterprises still refused to sell credit, the economic downturn insisted that "paragraph to the delivery" will only lead to trade situation into a vicious circle.

Industry insiders pointed out that the European and American manufacturers are also troubled by capital turnover. But for credit there is a set of socialized financial services supply, banks, a large number of credit insurance companies, all kinds of financial services institutions to bear the export of financial services. In contrast, the lack of financial services for China's export trade has also begun to highlight, as Chinese insurers and banks cannot directly provide similar insurance and financial services to small businesses.

At present, small and medium-sized foreign trade enterprises mainly through Third-party service outsourcing platform to solve the problem of capital. Audio equipment Manufacturer Zhao Yushan told reporters that most of the company's orders are completed by credit, by Citic Guarantee, through a service platform such as the delivery of goods, you can obtain a maximum of 80% of the purchase money, the customer remittance, a reach to help solve the drawback problem. In the course of trading, one of the main risks. As a Third-party foreign trade service platform, Shenzhen, a tatsu Qualcomm has more than 7,000 customers, most of which are small and medium-sized foreign trade enterprises.

Weijiang, general manager, said that small and medium-sized foreign trade enterprises are inferior to the disadvantage of manufacturing, but supply chain. And a tatsu to all types of small and medium-sized enterprises in foreign trade when the fragmentation of demand integration in the background, and to standardize the module to meet the demand for users to provide financial, logistics, customs clearance and other trading services.

"On our platform, trade financing monthly not more than 1.5%, and microfinance Company's liquidity loan monthly more than 3%, from the perspective of income and risk, the risk of trade financing based on real trading platform is far lower than the liquidity loan." "Weijiang said. By the end of 2011, the number of small and medium-sized enterprises in a service of 4,200, for more than 2000 small and medium-sized enterprises to provide 420 million yuan in trade financing, and in the first 8 months of 2012, a number of customers to increase to 7,000, for small and medium-sized enterprises to provide trade finance over 800 million yuan. Weijiang revealed that by 2013, a Qualcomm's customers are expected to exceed 30,000, providing SMEs with more than 10 billion trade financing.

Data show that Shenzhen, a Tatsu-Tong was founded in 2001. In 2011, Alibaba acquired a 70% equity stake and provided it with a large amount of client resources. At the same time, the company also helped Alibaba to complete the supply chain services from finding orders to making orders, from line to line.