CITF-TOPIC 11-The financial supply chain 学习笔记

11.2.2  金融供应链-The financial supply chain

术语”金融供应链“用于描述与物理供应链并行发生的金融事件。
The term ‘financial supply chain’ is used to describe the financial events that take place in parallel  with the physical supply chain. The financial events commence as soon as a party in a supply chain takes an action that changes their financial position. For example, when a seller contractually commits to deliver their goods to a buyer, their financial position has changed because they are now required to source goods, undertake production, maintain inventory, undertake shipment and account for the resulting receivable.

财务状况的变化不仅与流动性和营运资本有关,还与风险敞口有关
Each event has financial consequences: sourcing has to be paid for, production costs are incurred and inventory has to be funded. The changes in financial position are not just related to liquidity and working capital, but also to risk exposure. Once a party is contractually committed to do something, they are potentially liable for failing to do it.


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