When talking about trade finance,IFRSis a key concern or motivation for companies. I have done a number of posts about the potential classification of应付款项融资as a financial debt for the buyer. The issue from the buyer’s perspective comes down to do they need to reclassify the payables as debt. The recent纸从穆迪aboutAbengoa’s程序将此问题带回前面和中心。
But what accounting standards impact how the supplier must classify their receivable as a funding provider steps into the existing rights of the supplier? If the Buyer doesn't pay the lender, then the lender will have the same right as the supplier, which is anunsecured trade creditor.
最终，供应商必须知道这是否真的是一个可应收款项，他们可以从他们的书上推出，以减少销售的日期。对于供应商来说，参与这些反向理论计划的主要复杂性正在签署应收款项购买协议并支付成本并处理各种法律，会计和技术问题（例如遵守IAS 39下的会计要求，FAS 140 / FAS166，以及贷款协议中的各种限制和契约）。
In these reverse factoring programs, even if suppliers are attracted to cheap Libor priced money, they still should get an outside auditor opinion to ensure the receivable is “true-sale” and complies with theFAS-140 -Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities.
According to FAS 140, three conditions must be met to confirm a transfer of financial assets has been met:
- The transferred assets have been isolated from the transferor—put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership.
- Each transferee (or, if the transferee is a qualifying special-purpose entity (SPE), each holder of its beneficial interests) has the right to pledge or exchange the assets (or beneficial interests) it received, and no condition both constrains the transferee (or holder) from taking advantage of its right to pledge or exchange and provides more than a trivial benefit to the
- The transferor does not maintain effective control over the transferred assets through either:
（1）协议，均有授权和义务转让人在成熟或成熟之前兑换或赎回它们
（2）单方面导致持有人返回特定资产的能力，除了通过清理呼叫。
Besides outright Receivable Purchase Agreements, there are various other methods where a supplier can get funding via these programs, including Paper Drafts, Electronic Drafts (PrimeRevenue），并命名其他选项的原因说明。在所有情况下，咨询审计员是明智的。
很高兴能聊聊聊天，随时向我达到我在TradeFinancingMatters.com上的DGustin
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