应收账款融资方案【外文翻译】

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1、外文翻译原文AccountsReceivableFinancingProgramsMaterialSource:http://www.assetprotectionbook.com/accounts_receivables_leveraging.htmAuthor:RonaldJ.AdkissonTheconceptoffinancingaccountsreceivableissimpleenough.Asimpleinterest-onlyloan,securedwithaUCC-1lien,i

2、smadeagainstthevalueoftheaccountsreceivableofabusiness.Theloanproceedsaredistributedtothebusinessownerwhoinveststhemintoeitheranannuitycontractorlifeinsurancepolicy.Thelendermayalsotakealienagainsttheannuityorlifeinsurancepolicyasadditionalsecurity.Ac

3、countsreceivablefinancinghastwoprimarygoals.Onegoalisthefinancialgoalofgeneratingadditionalincomebyarbitragingthecompoundedtax-deferredgainsearnedintheannuityorlifeinsurancepolicyagainstthesimpleinterestpaidontheloanagainstthereceivables.Theothergoali

4、stoprotecttheaccountsreceivablebyeffectively“equitystripping”theassetbywayoftheUCC-1lien.Onthefinancialside,theseprogramshavethechancetocreatesignificantlymoremoneyforabusinessownerthanifhedidnothing.Ontheassetprotectionside,theseprogramsoffertoremove

5、fromacreditor’sreachwhatwouldotherwisebeaveryeasyassettocollectagainst.Anotherwaytolookattheseprogramsisthattheyoffer“free”assetprotectionandsomeprofitstoo!Severalprogramsnowofferaccountsreceivablefinancing,andnewprogramsarecomingonlineatamonthlyrate.

6、Lifeinsuranceagentsandfinancialplanners,motivatedbytheprospectsofjuicycommissionsgeneratedfromthesaleoftheannuitiesorlifeinsurancepolicies,arerapidlybeingmobilizedtotaketheseprogramstotheirclients.Butdotheseprogramsreallywork?Andistheprogramrightforal

7、lbusinesses?BewaretheHiddenDangersThetruthisthataccountsreceivablefinancingcanworkbutatleastseveralthingsmustoccurfortheseprogramstoworksuccessfullyforthebusinessowner.4Note,however,thatsomeprogramsdonotmakeanysenseatallotherthanpotentiallyofferingade

8、athbenefitifthebusinessownerdiesprematurely.Theoriginalloanmustbeefficient,meaningthatitmustbeatasufficientlylowinterestratethatthearbitragewillhaveachanceofworkingforthebusinessowner.MostprogramsuseavariableratethatistiedtoLIBORoraprimebankra