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1、外文翻译Supplychainfinance:AnewwayfortradebankstostrengthencustomerrelationshipsMaterialSource:CGIgroupAuthor:KittCarswellDrivenbyarangeofpressures,organizationsmustincreasinglysourceandsellglobally.Yetmovingfromregionaltoglobalsourcinghashadanegativeeffectontheseorganizations'WorkingCapitalan
2、dsupplychainperformance.Asaresult,theyarelookingtotheirbankstooptimizetheirfinancialsupplychains,includingofferingnewtechnologies,bank-assistedOpenAccountinstruments,andnewpayablesandreceivablesfinancingapproaches.Inanincreasinglyglobalmarketplace,itismorechallengingthaneverforcorporations
3、tokeeptheircompetitiveedge.Duetotheinabilityoftrackingshipmentoforders,buyerscannotaccuratelypredictwhenshipmentswillarriveorpaymentsaredue.Tocompensate,buyersareholdinghigherlevelsofinventorytopreventoutagesandcashtoensurefundingisavailabletomeetpaymentobligations.Yetpressingsellersforlon
4、gerpaymenttermshasincreasedprices,erodedrelationshipswithsellers,anddecreasedthestabilityofthebuyers'supplierbase.Thesamedynamicsmakeitdifficultforsellerstoobtaintimelypayments.Typically,theymustwaitatleast45daysforpayment,andsometimesaslongas90or120days.Duetotheirgeographiclocationandsize
5、,sellerstypicallylackaccesstoreasonablypricedshort-termfinancing.Pressurefrombuyerstolengthenpaymenttermsonlyintensifiesthesituation,whichoftenresultsinhigherpricesoraninabilitytocontinueasasupplier.Theresultisafinanciallyunstableandhigher-risksupplybase.LettersofCreditandDocumentaryCollec
6、tionsarethetraditionalTradeFinanceinstrumentsusedbysellerstomitigatebuyer'sriskandobtainfinancing.WhilethesepaymentmethodswillcontinuetoplayaroleinTradeFinance,theirimportancehaserodedbyaboutfivepercentperyearoverthepastfiveyears.Buyersandsellersalikefindthemcomplicated,timeconsumingandexp
7、ensivetouse.Tomitigatethesituation,buyersandsellersaremovingtoanotherformoftradingwhichisfaster,easierandlesscostly:OpenAccount.Thisreducestheneedfortherisk-mitigatingbuyerfeaturesfoundintraditionalTradeFinanceproducts.IntraditionalOpenAccounttradingscenarios,
