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研究生： 王威凱
Wang, Kevin
論文名稱： 國際貿易下之非信用狀交易實務與風險規避:從台灣出口廠商之角度探討
International trade practice and risk aversion of Non-LC trading from the perspective of Taiwanese exporters
指導教授： 吳文傑
Wu, Jack
學位類別： 碩士
Master
系所名稱： 商學院 - 國際經營管理英語碩士學位學程(IMBA)
International MBA Program College of Commerce(IMBA)
論文出版年： 2011
畢業學年度： 99
語文別： 英文
論文頁數： 61
中文關鍵詞： 國際貿易實務 、非信用狀交易 、風險規避 、台灣出口廠商
外文關鍵詞： International Trade Practice, Risk Aversion, Non-LC Trading, Taiwanese Exporters
相關次數： 點閱：285  下載：103 
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    • Taiwan, an island with outstanding economic miracle, has deeply depended on international trades to increase economic growth and national wealth. There are many successful companies, including listed enterprises and SME, manufacturing and marketing Made-in-Taiwan products all over the world through international trade and commerce. Therefore, undoubtedly the power international trade is one of our strength and plays a key role on stimulating economy as well as elevating the living standard of people. .

    To compete with other international exporters, Taiwanese exporters must provide not only products with good quality and reasonable price, but also offer competitive payment terms to further strive for new clients and strengthen individual competitiveness. This is a recent trend of International Trade. From the risk-free payment term, such as- T/T Advance to O/A 90 days after shipment, Taiwanese exporters suffered both political risk and credit risk. Not to mention cash flow risk and exchange rate risk that normally appears during transaction.

    Remembered financial crisis in 2007, market failed and malfunctioned at that time. As for corporate side, individual companies faced difficulties of continuously operation. Some even seriously went bankruptcy during that time. In this circumstance, Taiwanese exporters, even successfully won the orders, could not receive the payment on time from foreign buyers. Some of them may even suffered huge loss because of intentional disputes or buyer’s closedown. Therefore, it goes without saying that risk aversion is becoming an important issue for Taiwanese companies to survive.

    There would be three major financial tools being introduced for risk aversion with three case studies. Each of them has its special features and functions by different needs. How and why does Taiwanese exporter choose and leverage for risk aversion will be explained and discussed. The purpose of this paper is to find out the solutions for Taiwanese exporters to reduce risk of international trade as well as increase competitiveness in the foreign trade and grow the economy as contribution in the long run.

    Abstract ii
    Acknowledgements iv
    TABLE OF CONTENTS vi
    List of Figures and Tables viii
    1. Introduction 1
    2. Recent Trend and Modes of Non-LC Payment Terms 7
    2.1. Recent Trend of International Trade 7
    2.2. Modes of Non-LC Payment Terms-D/P 11
    2.3. Modes of Non-LC Payment Terms-D/A 15
    2.4. Modes of Non-LC Payment Terms-O/A 17
    2.5. Major Risks Involved in International Trade 20
    2.5.1. Trading Risk 21
    2.5.2. Cash Flow Risk 22
    2.5.3. Exchange Rate Risk 23
    3. Financial Tools for Risk Aversion 24
    3.1. Export Insurance 24
    3.1.1. Export Credit 28
    3.2. International Factoring Service 30
    3.2.1. The Function of International Factoring 31
    3.2.2. The Operation of International Factoring for O/A Term 32
    3.3. Stand-by Letter of Credit 35
    3.3.1. Four Major Features of Stand-by LC 35
    3.3.2. The Major Types of Stand-by LC 37
    3.3.3. The Attitude of Issuing Banks for Stand-by LC 38
    3.4. The Comparison among Financial Tools 39
    4. Case Study: How Does These Financial Tools Benefit Taiwanese Exporters? 45
    4.1. Case Study 1: TronicPower Technology Corporation 45
    4.1.1. The Application of Payment Term & Export Insurance 47
    4.1.2. What does Export Insurance Benefits TronicPower? 48
    4.2. Case Study 2: Taiwan Calcom Graphic Co. Ltd. 49
    4.2.1. The Application of Payment Term & International Factoring Services 51
    4.2.2. What does International Factoring Services Benefits TCGC? 52
    4.3. Case Study 3: Miracle Medicare Corporation 53
    4.3.1. The Application of Payment Term & Stand-by LC 55
    4.3.2. What does Stand-by LC Benefits MMC? 56
    5. Conclusion 58
    Bibliography 61

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    ◎ 余森林 編著，國際貿易實務，大中國圖書公司，民國94年8月

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