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"Confirmed Positions" Failure.

Publish Date 2018-09-28
The Economic Observer newspaper interview to understand, under normal circumstances, confirming warehouse financing models that can help mills to develop new markets, increase sales, while reducing accounts receivable occupation, improve capital efficiency; steel trade can also be faster turnover rate, purchases solve financial problems, in addition, there is the off-season and the season of steel, steel trading business can be this season quantities, season sales, higher profits.
For banks, the credit and with a steel back guarantees, banks and steel trade between, not the traditional single mode of financing, logistics and cash flow and double closure, but also significantly reduce the risk of loans.
A well-known bank confirming warehouse operations said that the tripartite agreement confirming positions, the legal entity is the steel trading business and banks, unless the bank suspected of trading itself has a problem, as the defendant will be appended mills. For example, repeated pledge of warehouse receipts, false trading, steel misappropriation and so on.
As we all know, the funds required huge steel trading, cash from steel goods, the amount of hundreds of millions loaning the money come from? Of course the loan. A steel trader told the Economic Observer reported two years ago in Shanghai, there are hundreds of billions annually inflows steel trade industries. We are of steel as a finance platform that can stocks, futures speculation, usury, or construction steel market, investment and real estate.
Data show that in 2009, the steel trade and industry on the Shanghai GDP contribution of nearly 3%, Big Cypress region is the most concentrated steel trade circles, the annual size of more than 500 billion yuan.
Now, those with the "4 trillion during the" Banks loosen credit policy, the rapid expansion of the steel trading business together, and with the real estate market regulation policy, accelerating collapse. Developers have no money, directly affecting construction company capital return, re-transmission-oriented steel trading business, so in the beginning of last year, the outbreak of Fujian Island Group Chairman Li Guoqing 1000000000 Piandai case and many other steel trading business since Piandai, on foot event, lap steel trade secret chain of credit has gradually surfaced.



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