An exploration of the financial accounting standards for asset-based commercial papers: Two Case studies of Taiwan corporations
碩士 === 南台科技大學 === 會計資訊系 === 97 === The trade receivables securitization has become one of the most popular financial instruments for corporations to raise capital. In Taiwan, World Pease Industrial Co.,(WPI) is the first corporation practicing the securitization program with underlying trade receiva...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2009
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| Online Access: | http://ndltd.ncl.edu.tw/handle/47457358427730151727 |
| Summary: | 碩士 === 南台科技大學 === 會計資訊系 === 97 === The trade receivables securitization has become one of the most popular financial instruments for corporations to raise capital. In Taiwan, World Pease Industrial Co.,(WPI) is the first corporation practicing the securitization program with underlying trade receivables and its ABCP was issued in 2004. Later, CMO also issued similar securities to raise the operating capital in 2006.
This study reviews the related literatures of ABCP and explores the trading workflows of issuing ABCP by the case of CMO. In addition, financial accounting treatments about ABCP trading are discussed in details.
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