基于债务展期的担保风险定价理论及应用

The Theory of Guarantee Risk Pricing Based on the Debt-delay and Its Application

由于破产将带来一系列的社会负面影响,从社会影响的宏观层面来说,公司一般不会轻易破产。在这样的情形下,对于担保方而言,通过对被担保方实施一定期限的债务展期可能是明智的。通过把存款保险的风险定价思路引入信用担保的风险定价领域,构建了债务单阶段展期的风险定价模型,给出了单阶段展期模型的定价方法,发展与深化了信用担保的风险定价理论与方法,并给出了应用实例及实证分析。

Corporate bankruptcy is not often resorted to because it tends to bring a series of adverse impacts on the society from the macro perspective. Therefore, it is wise for the guarantor to implement the debt-delay for the debtor. By infusing the risk pricing on the receipt insurance in Credit Guarantee risk pricing field, this paper constructs a risk pricing model based on the one period debt-delay, and gives the pricing method, which develops and deepens the theory and method of Credit Guarantee risk pricing. It also gives examples of application and practical analysis.