Ticari alacak sigortas\u0131 \u015firteti Allianz Trade\u2019in uzman ekonomistleri, i\u015fletme sermayesi gereksinimleri (\u0130SG) ve alacak vadesindeki (AV) son durumu ele alan g\u00fcncel bir rapor haz\u0131rlad\u0131.<\/p>\n
Rapordaki bilgilere g\u00f6re; Avrupal\u0131 \u015firketler bir nevi banka gibi hareket ederek tahminen 11 milyar euro ticari kredi sa\u011flarken, ABD\u2019li \u015firketler ise serbest kalan nakdi, hissedarlar\u0131n\u0131 \u00f6d\u00fcllendirmek i\u00e7in kulland\u0131. “Ba\u011f\u0131ms\u0131zl\u0131k G\u00fcn\u00fc” tarifelerinin tam olarak uygulanmas\u0131 durumunda Avrupa\u2019da ve Amerika\u2019da firmalar\u0131n ek olarak, 3 g\u00fcnl\u00fck ciro kadar finansmana ihtiyac\u0131 olaca\u011f\u0131 raporda verilen bilgiler aras\u0131nda. Bu tutar\u0131n da Avrupa i\u00e7in 8,5 milyar euro ve Amerika i\u00e7in 15,5 milyar dolar oldu\u011fu belirtiliyor.<\/p>\n
Rapora g\u00f6re 2024 y\u0131l\u0131nda \u0130SG k\u00fcresel olarak ortalama 2 g\u00fcn artt\u0131 ve 78 g\u00fcne \u00e7\u0131kt\u0131. Bu rakam\u0131n k\u00fcresel finansal krizden bu yana en y\u00fcksek seviye oldu\u011fu belirtiliyor. 2025 y\u0131l\u0131n\u0131n ba\u015flar\u0131nda da bu seviyelerden d\u00fc\u015f\u00fc\u015f olaca\u011f\u0131na dair sinyallerin s\u0131n\u0131rl\u0131 kald\u0131\u011f\u0131, \u00e7o\u011fu b\u00f6lgede durum b\u00f6yleyken, Bat\u0131 Avrupa\u2019n\u0131n \u00fcst \u00fcste \u00fc\u00e7\u00fcnc\u00fc y\u0131lda da 4 g\u00fcnl\u00fck art\u0131\u015fla \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 raporda verilen bilgiler aras\u0131nda bulunuyor. Asya-Pasifik b\u00f6lgesinde de 2 g\u00fcn ile \u0131l\u0131ml\u0131 bir art\u0131\u015f kaydedildi\u011fi, buna kar\u015f\u0131l\u0131k ABD\u2019de stok eritme kaynakl\u0131 bir \u0130SG d\u00fc\u015f\u00fc\u015f\u00fc g\u00f6ze \u00e7arpt\u0131\u011f\u0131 raporda belirtiliyor.<\/p>\n
Devam eden ticaret sava\u015f\u0131nda ne ters gidebilir? <\/b><\/p>\n
Raporda, rekor d\u00fczeyde belirsizliklerin s\u00fcrd\u00fc\u011f\u00fc ve ticaret gerilimlerinin devam edece\u011fi bir ortamda, k\u00fcresel ekonomik b\u00fcy\u00fcmenin, resesyon d\u00f6nemleri hari\u00e7 2008’den bu yana en d\u00fc\u015f\u00fck seviyesinde kalmaya devam edece\u011fi belirtiliyor. 2025 y\u0131l\u0131nda zay\u0131f talebin \u015firketlerin cirolar\u0131n\u0131 zora sokabilece\u011fi de dikkat \u00e7ekilen konular aras\u0131nda yer al\u0131yor.<\/p>\n
Rapora g\u00f6re; Kuzey Amerika, Bat\u0131 Avrupa ve Asya-Pasifik b\u00f6lgesinde daha \u00e7ok zay\u0131f talep nedeniyle yedi sekt\u00f6rde \u0130SG art\u0131\u015f\u0131 g\u00f6r\u00fcld\u00fc: ula\u015f\u0131m ekipmanlar\u0131, kimyasallar, enerji, perakende, makine ekipman\u0131, metaller ve yaz\u0131l\u0131m\/BT hizmetleri. Buna kar\u015f\u0131l\u0131k, \u0130SG d\u00fc\u015f\u00fc\u015fleri daha da\u011f\u0131n\u0131k seyretti: ABD’deki sekt\u00f6rlerin \u00e7o\u011funda iyile\u015fme g\u00f6r\u00fcl\u00fcrken, Avrupa’da sadece k\u00e2\u011f\u0131t, B2C hizmetleri, konaklama gibi birka\u00e7 spesifik sekt\u00f6rde d\u00fc\u015f\u00fc\u015f oldu.<\/p>\n
Allianz Trade Kurumsal Ara\u015ft\u0131rma Ba\u015fkan\u0131 Ano Kuhanathan 2024’\u00fcn d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011fi itibariyle, k\u00fcresel firmalar\u0131n y\u00fczde 35’inin \u0130SG’sinin 90 g\u00fcnl\u00fck ciroyu a\u015ft\u0131\u011f\u0131na ve k\u0131smi rakamlar\u0131n normalden biraz daha b\u00fcy\u00fck bir \u00e7eyreklik art\u0131\u015fa i\u015faret etti\u011fine dikkat \u00e7ekiyor.<\/p>\n
Raporda, 2024 y\u0131l\u0131nda, k\u00fcresel \u00d6deme Vadelerinin (\u00d6V) 2 g\u00fcnden fazla artarak \u0130SG’deki genel art\u0131\u015f\u0131n \u00fczerinde ger\u00e7ekle\u015fti\u011fi ve \u0130SG \u00fczerinde art\u0131\u015f bask\u0131s\u0131 yaratan temel unsur oldu\u011fu belirtiliyor.<\/p>\n<\/div>\n
Allianz Trade \u0130flas Ara\u015ft\u0131rmalar\u0131 Ba\u015f Analisti Maxime Lemerle, daha y\u00fcksek stoklar ve daha d\u00fc\u015f\u00fck \u00d6V\u2019lerle Avrupal\u0131 \u015firketlerin, \u00f6deme vadelerini uzatarak ve riski absorbe ederek ticari ortaklar\u0131n\u0131 finanse etti\u011fini ifade ediyor.<\/p>\n
Lemerle’ye g\u00f6re, 2024’\u00fcn d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011fi ile 2025’in birinci \u00e7eyre\u011fi aras\u0131nda \u015firketler, 11 milyar euroluk ek bir kaynak sa\u011flad\u0131. Bu rakam, bankalar\u0131n y\u0131l ba\u015f\u0131ndan bu yana sa\u011flad\u0131\u011f\u0131 ayl\u0131k yeni kredilerle neredeyse ayn\u0131.<\/p>\n<\/div>\n<\/p>\n
<\/p>\n
Kaynak :\u00a0https:\/\/www.bloomberght.com\/allianz-dunyada-alacak-vadeleri-uzadi-3751562<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Ticari alacak sigortas\u0131 \u015firketi Allianz Trade’in haz\u0131rlad\u0131\u011f\u0131 rapora g\u00f6re, k\u00fcresel olarak i\u015fletme sermayesi geereksinimleri (\u0130SG) 2024 y\u0131l\u0131nda artarak alacak 2008’den bu yana en y\u00fcksek seviyeye ula\u015ft\u0131.<\/p>\n","protected":false},"author":1,"featured_media":39022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[223,458,557,3846,473],"manset":[],"class_list":["post-39021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-artis","tag-avrupa","tag-gun","tag-isg","tag-rapor"],"_links":{"self":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts\/39021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/comments?post=39021"}],"version-history":[{"count":1,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts\/39021\/revisions"}],"predecessor-version":[{"id":39023,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/posts\/39021\/revisions\/39023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/media\/39022"}],"wp:attachment":[{"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/media?parent=39021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/categories?post=39021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/tags?post=39021"},{"taxonomy":"manset","embeddable":true,"href":"https:\/\/kamucalisanlari.net\/index.php\/wp-json\/wp\/v2\/manset?post=39021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}