Lecture  12 – Short term finance
第12講 - 短期融資

ID4246M Business Finance
Dr V G Fitzsimons
University of Bradford

ID4246M商務財經
V G菲茨西蒙斯博士
布拉德福德大學

Short-term and medium-term finance
短期和中期融資

• The bank overdraft and the bank term loan
銀行透支和銀行短期貸款
• Trade credit
貿易信貸
• The different services offered by a factoring firm
由保理公司提供不同的服務，
• The relative merits of hire purchase and leasing
租購及租賃的相對優點
• Bills of exchange and bank bills
票據交換和銀行承兌匯票
http://ukthesis.org/gjswglzy

The main forms of short-term and medium-term finance
短期和中期融資的主要形式

Bank sources
銀行來源

• Overdraft
透支
– An overdraft is a permit to overdraw on an account up to a stated limit
支的帳戶上透支許可證一個規定的限制
• Advantages of overdrafts
透支的優點
– 1 Flexibility
柔韌性
– 2 Cheapness
便宜
• Drawbacks of an overdraft
透支的缺點
– The bank retains the right to withdraw the facility at short notice
銀行保留在短時間內權利撤回設施
– Security
安全

Bank borrowing
銀行借款

• Conditions of lending
貸款條件
– 1 Cash flow projections
現金流量預測
– 2 Creditworthiness
好信譽
– 3 The amount that the borrower is prepared to put into the project
借款人準備投產項目金額
– 4 Security
安全

Fruit Growers plc
水果種植者有限公司

The interest on both loan or overdraft would be 10 percent per year or 2.5 per cent per quarter
貸款或透支的利息將每年10％或每季度的2.5％

 

Exhibit 12.4  Monthly cash flow balance for Fruit Growers plc
圖表12.4每月現金流量平衡水果種植者有限公司

Fruit Growers plc
水果種植者有限公司


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