BAFS - Paper 2B F3 Sources of Financing 融資方式

Type 種類
(1)  Debt (舉債) (D) & Equity (股票) (E) financing 籌資
(2)  Short-term (短期) (S) & Long-term (長期) (L) financing 籌資
(3)  Internal (內部) (I) & eXternal (向外) (X) financing 籌資

Example 例子
(1)  Commercial paper 商業票據 (D)(S)(X)
(2)  Bank Overdraft 銀行透支 (D)(S)(X)
(3)  Line of credit 信用限額 (D)(S)(X)
(4)  Letter of credit 信用狀 (D)(S)(X)
(5)  Short-term bank loan 短期銀行貸款 (D)(S)(X)
(6)  Trade credit 貿易賒帳 (D)(S)(X)
(7)  Factoring 出售應收帳款 (D)(S)(X)
(8)  Issuance of common stock 發行普通股 (E)(L)(X)
(9)  Issuance of preferred stock 發行優先股 (E)(L)(X)
(10)  Issuance of bonds & debentures 
         發行債券及信用債券 (D)(L)(X)
(11)  Long-term bank loan 長期銀行貸款 (D)(L)(X)
(12)  Leasing 租賃 (D)(L)(X)
(13)  Hire purchase 租購 (D)(L)(X)
(14)  Retained profits 留存利潤 (E)(L)(I)
(15)  Sales of assets 出售資產 (E)(L)(I)


How to select? 如何選擇？
(1)  Suitability 合適程度 : short / long term 短或長期
(2)  Cost 成本 : interest expense 利息支出
(3)  Debt-to-equity ratio 債務與資本比率
(4)  Collaterals 抵押品
(5)  Dilution of control 控制權攤薄


連結 Link:   BAFS - Paper 2B

連結 Link:   Herman Yeung Blog 主目錄