信用担保机构的业务——一种期权视角看担保定价问题

The Service of Credit Guarantee——an Angle of the Option View of How to Fix the Price in Guarantee

担保业务实质上是一种期权互换业务。从期权的角度阐述中小企业信用担保与期权的关系,担保合约实质上就是一份看跌期权。在此基础上,从理论方面论述了如何运用期权定价模型确定担保收费的问题,并对模型的优点和需要注意的问题进行了研究。

Guarantee service is in fact optional.This article,from the angel of option,with the nature of contract being actually a declining option,expounds the relationship between guarantee and option for small and intermediate enterprises,on the basis of which,it discusses how to theoretically determine the premium in guarantee and studies the advantages of the Option Pricing Mode and something to be attended to.