关键词: 物流金融、订单融资, 风险评价, ANP

Abstract: Purchase order financing, a new financing mode, is very important for grading its risk and deciding whether credit is given or not. The paper explains the concept of purchase order financing and its process first. And then it takes “order” as the lead, analyses its risk source from the different stages. Finally, it constructs a risk grade evaluation model. Risk evaluation process is divided into two stages: the first stage is to judge the authenticity of business order by two indexes. The second stage constructs an indicator system, which consists of the subject credit, mortgage rate, order fulfillment ability, inventory as four first grade indicators and a plurality of second grade indicators, and elaborates the determination methods of the various targets, according to the different indexes using piecewise function, exponential function, cosine function, power function processing method to make its scores unification into 0-10. We respectively use ANP method and AHP method to determine the weight of each index, and construct a complete risk grade evaluation model, which divides the purchase orderfinancing business into 5 grades. The risk evaluation model can help decision-making of loan of financial institutions, and its application which leads to normalized index such as the proposed exponential function, cosine function and power function for quantitative indexes has reference significance. Finally the paper introduces the calculation principle of ANP method, which also has certain reference value for other scholars.

Key words: logistics finance, purchase order financing, risk assessment, ANP