本文選題：信用貸款 + 反向信用違約互換　； 參考：《暨南大學(xué)》2014年碩士論文

【摘要】：在金融風(fēng)險日益嚴(yán)重的現(xiàn)代金融市場中，金融風(fēng)險管理已經(jīng)成為各類金融機(jī)構(gòu)的一項重要的工作。而對于銀行來說，如何降低其不良貸款率則是其風(fēng)險控制的主要目標(biāo)。而在銀行的各類貸款中，企業(yè)信用貸款由于它沒有抵押品和質(zhì)押品，并存在信息不對稱的問題，已經(jīng)成為銀行風(fēng)險控制的難點。但是伴隨著經(jīng)濟(jì)的發(fā)展,將會有更多的中小企業(yè)出現(xiàn)，，考慮到其資本少、發(fā)展快的特點，必然會需求更多的企業(yè)信用貸款，因此，如何降低企業(yè)信用貸款的不良貸款率將是一個具有預(yù)見性的問題。 本文創(chuàng)造性地將信用違約互換協(xié)議（CDS）嵌入到企業(yè)信用貸款中，設(shè)計出一種新的信用貸款形式，并給出了CDS的定價模型，在研究中還引入了企業(yè)聲譽因子，作為給企業(yè)管理層貸款的附加值，也能促進(jìn)銀行和企業(yè)的長期合作�？紤]到企業(yè)管理層對企業(yè)控制力最強(qiáng)，對信息了解最充分，該種貸款將銀行的利益和貸款企業(yè)管理層的利益通過CDS協(xié)議進(jìn)行綁定，并不向廣大投資者分散風(fēng)險，而是反過來從風(fēng)險源上控制和消滅風(fēng)險，所以本文稱之為反向CDS協(xié)議。這種CDS協(xié)議既能幫助銀行識別優(yōu)質(zhì)的項目和貸款企業(yè)，消除信息不對稱問題對信用貸款的不良影響，且從長遠(yuǎn)來看，又為優(yōu)質(zhì)企業(yè)降低了貸款條件，有利于信貸業(yè)務(wù)的健康發(fā)展。
[Abstract]:In the modern financial market where financial risks are increasingly serious, financial risk management has become an important work of all kinds of financial institutions. For banks, how to reduce their non-performing loan ratio is the main target of risk control. Among all kinds of bank loans, enterprise credit loan has become the difficulty of bank risk control because of its lack of collateral and pledge, and the problem of information asymmetry. However, with the development of economy, more and more small and medium-sized enterprises will appear. Considering the characteristics of small capital and rapid development, more credit loans will be required. How to reduce the non-performing loan rate of enterprise credit loan will be a predictable problem. In this paper, we creatively embed credit default swap agreement (CDSs) into enterprise credit loan, design a new credit loan form, give the pricing model of CDS, and introduce the corporate reputation factor in the research. As the added value of loans to management, banks and enterprises can also promote long-term cooperation. Considering that the management of the enterprise has the strongest control over the enterprise and the best understanding of the information, this kind of loan binds the interests of the bank to the interests of the management of the lending enterprise through the CDS agreement, and does not spread the risk to the majority of investors. Instead, risk is controlled and eliminated from the source of risk, so this paper calls it reverse CDS protocol. This CDS protocol can not only help banks identify high-quality projects and loan enterprises, eliminate the adverse effects of information asymmetry on credit loans, but also reduce loan conditions for high-quality enterprises in the long run. It is conducive to the healthy development of credit business.
【學(xué)位授予單位】：暨南大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F830.5;F224

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