LINHA CREDITO PARA PME

2010 SUMRIO TOC o 1-3 h z u HYPERLINK l _Toc280010949 1 INTRODUO PAGEREF _Toc280010949 h 4 HYPERLINK l _Toc280010950 1.1TEMA PAGEREF _Toc280010950 h 6 HYPERLINK l _Toc280010952 1.2 PROBLEMA PAGEREF _Toc280010952 h 7 HYPERLINK l _Toc280010953 1.3 JUSTIFICATIVA PAGEREF _Toc280010953 h 7 HYPERLINK l _Toc280010954 1.4 OBJETIVOS PAGEREF _Toc280010954 h 7 HYPERLINK l _Toc280010955 1.4.1 Geral PAGEREF _Toc280010955 h 7 HYPERLINK l _Toc280010957 1.4.2 Especficos PAGEREF _Toc280010957 h 8 HYPERLINK l _Toc280010961 1.5 METODOLOGIA PAGEREF _Toc280010961 h 8 HYPERLINK l _Toc280010962 2 REFERENCIAL TERICO PAGEREF _Toc280010962 h 9 HYPERLINK l _Toc280010963 2.1 HISTRICO MPEs PAGEREF _Toc280010963 h 10 HYPERLINK l _Toc280010964 2.2 O CAPITAL DE GIRO E AS MDIAS E PEQUENAS EMPRESAS MPEs PAGEREF _Toc280010964 h 13 HYPERLINK l _Toc280010965 2.2.1 Ciclo Operacional e Financeiro PAGEREF _Toc280010965 h 17 HYPERLINK l _Toc280010966 2.2.1.1 Ciclo Operacional PAGEREF _Toc280010966 h 18 HYPERLINK l _Toc280010971 2.2.1.2 Ciclo Financeiro PAGEREF _Toc280010971 h 19 HYPERLINK l _Toc280010972 2.2.1.3 Prazo Mdio de Recebimento dos Clientes PAGEREF _Toc280010972 h 20 HYPERLINK l _Toc280010973 2.2.1.4 Prazo Mdio de Rotao dos Estoques PAGEREF _Toc280010973 h 22 HYPERLINK l _Toc280010985 2.2.1.5 Prazo Mdio de Recebimento das Vendas (PMRV) PAGEREF _Toc280010985 h 23 HYPERLINK l _Toc280010994 2.2.1.6 Prazo Mdio de Pagamento das Compras (PMPC) PAGEREF _Toc280010994 h 24 HYPERLINK l _Toc280010999 2.4 Relao entre os ciclos e a necessidade de capital de giro 26 HYPERLINK l _Toc280011009 2.4 FONTES DE LINHAS DE CRDITO PARA CAPITAL DE GIRO PAGEREF _Toc280011009 h 27 HYPERLINK l _Toc280011010 2.4.1 Operaes BNDES PAGEREF _Toc280011010 h 29 HYPERLINK l _Toc280011011 2.4.3 Hot Money PAGEREF _Toc280011011 h 36 HYPERLINK l _Toc280011012 2.4.4 Conta Garantida PAGEREF _Toc280011012 h 38 HYPERLINK l _Toc280011013 2.4.5 Repasse de Recurso Externo (4131) PAGEREF