Potentials and Constraints of Using Warehouse Receipts Financing
The paper starts with an overview of Cambodia’s rice sector, with a particular attention to aspects which affect its need for external working capital finance, and characteristics and constraints that could hinder access to such finance (e.g., ware...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/08/24915519/cambodia-finance-small-medium-sized-agribusinesses-potentials-constraints-using-ware-house-receipts-financing http://hdl.handle.net/10986/22510 |
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okr-10986-225102021-04-23T14:04:09Z Potentials and Constraints of Using Warehouse Receipts Financing World Bank Group COLLATERAL MANAGEMENT FINANCING COLLATERAL INDEMNITY SYSTEMS INVESTMENT FUND MARKET RISKS PUBLIC WAREHOUSING RICE SECTOR WORKING CAPITAL The paper starts with an overview of Cambodia’s rice sector, with a particular attention to aspects which affect its need for external working capital finance, and characteristics and constraints that could hinder access to such finance (e.g., warehousing capacity, processing constraints, logistics, and market risks). Chapter two describes the general conditions for crop-based financing in Cambodia’s rice sector. Chapter three discusses policy options for enhancing the use of paddy and rice as collateral for financing. The chapter sets out the two main modalities: collateral management, and public warehousing. Both collateral management and public warehousing work best when certain support structures are in place, in particular an indemnity system, a system for the electronic trading of warehouse receipts, and a facility for refinancing warehouse receipt loans (which could be managed by the Central Bank or outsourced to another competent entity such as an investment fund). These are discussed in separate sections. The various sections describe the situation as currently prevails in Cambodia, and provide suggestions on how to move forward, including in terms of possible government supports. Case studies on international experience are used to illustrate options and pitfalls. A final section concludes, with a focus on policy options for the Government of Cambodia and aid donors, the detailed terms of reference for a possible pilot project can be found in annex three. 2015-08-19T16:56:33Z 2015-08-19T16:56:33Z 2015-01 Working Paper http://documents.worldbank.org/curated/en/2015/08/24915519/cambodia-finance-small-medium-sized-agribusinesses-potentials-constraints-using-ware-house-receipts-financing http://hdl.handle.net/10986/22510 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper East Asia and Pacific Cambodia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
COLLATERAL MANAGEMENT FINANCING COLLATERAL INDEMNITY SYSTEMS INVESTMENT FUND MARKET RISKS PUBLIC WAREHOUSING RICE SECTOR WORKING CAPITAL |
| spellingShingle |
COLLATERAL MANAGEMENT FINANCING COLLATERAL INDEMNITY SYSTEMS INVESTMENT FUND MARKET RISKS PUBLIC WAREHOUSING RICE SECTOR WORKING CAPITAL World Bank Group Potentials and Constraints of Using Warehouse Receipts Financing |
| geographic_facet |
East Asia and Pacific Cambodia |
| description |
The paper starts with an overview of
Cambodia’s rice sector, with a particular attention to
aspects which affect its need for external working capital
finance, and characteristics and constraints that could
hinder access to such finance (e.g., warehousing capacity,
processing constraints, logistics, and market risks).
Chapter two describes the general conditions for crop-based
financing in Cambodia’s rice sector. Chapter three discusses
policy options for enhancing the use of paddy and rice as
collateral for financing. The chapter sets out the two main
modalities: collateral management, and public warehousing.
Both collateral management and public warehousing work best
when certain support structures are in place, in particular
an indemnity system, a system for the electronic trading of
warehouse receipts, and a facility for refinancing warehouse
receipt loans (which could be managed by the Central Bank or
outsourced to another competent entity such as an investment
fund). These are discussed in separate sections. The various
sections describe the situation as currently prevails in
Cambodia, and provide suggestions on how to move forward,
including in terms of possible government supports. Case
studies on international experience are used to illustrate
options and pitfalls. A final section concludes, with a
focus on policy options for the Government of Cambodia and
aid donors, the detailed terms of reference for a possible
pilot project can be found in annex three. |
| format |
Working Paper |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Potentials and Constraints of Using Warehouse Receipts Financing |
| title_short |
Potentials and Constraints of Using Warehouse Receipts Financing |
| title_full |
Potentials and Constraints of Using Warehouse Receipts Financing |
| title_fullStr |
Potentials and Constraints of Using Warehouse Receipts Financing |
| title_full_unstemmed |
Potentials and Constraints of Using Warehouse Receipts Financing |
| title_sort |
potentials and constraints of using warehouse receipts financing |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/08/24915519/cambodia-finance-small-medium-sized-agribusinesses-potentials-constraints-using-ware-house-receipts-financing http://hdl.handle.net/10986/22510 |
| _version_ |
1764451286983376896 |