基于金融期权视角的信用担保费率厘定问题——来自理论与实证方面的首次探讨

Study on Relativity and Reformation to Credit Guarantee Finance Pricing——First Analysis of Combination of Theoretical and Empirical Aspects

信用担保业为实现可持续发展目标,必须实行按担保理论价格收费的原则,信用担保的费率厘定问题就是信用担保的风险定价问题。从讨论信用担保的经验定价模型出发,提出了基于金融期权视角的信用担保单阶段定价模型,在分析单阶段模型不足的基础上,进一步提出了多阶段定价模型与方法,并进行了实证分析,以发展与深化信用担保的定价理论与方法,为解决我国信用担保的科学定价问题提供决策参考。

This paper introduces the empirically pricing module of the Credit Guarantee, and deeply approaches to the one - period pricing module of the Credit Guarantee based on the option conception, fundament on the analysis of lack in the one - period pricing module it also approaches to the muff - period the pricing module and method, and also gives the relative practical example and empirical research, which develops and deepens the theory of Credit Guarantee pricing with practical analysis, and offers the important theoretical reference.