基于供应链金融的银行贷款价值比研究

Study on Loan-to-value Ratios of Bank in the Supply Chain Finance

供应链金融是金融业面向供应链的创新服务。考虑单一供应商和单一零售商构成的二级供应链,产品市场为典型的报童模型,零售商以其与制造商签订的产品采购合同向银行申请抵押贷款。将供应链上下游企业的决策引入银行基于下侧风险控制模式的贷款价值比决策模型,刻画供应链的决策对采购合同抵押价值的影响。首先确定了贷款价值比的解析式,然后讨论了其与批发价格、回购率等供应链决策的关系,并确定了相应的取值区间。

Supply chain finance is a financial innovation service for the supply chain. This paper analyzes the bank＇s loan to value ratios when the retailer pledging his order contract in a newsboy＇s supply chain which consisting of a supplier and a retailer （or a newsboy）. Meconuhile the paper incorporates some decisions of the enterprises into the loan to value ratios model of bank which controlling risk base on downside model, and models the supply chain decisions＇ influence on the value of pledging contract. Firstly, the analytic result of loan to value ratio of the bank is solved. Secondly, the paper analyzes the relations of the product＇s surplus, the supplier＇ s wholes price or the return policies with the loan to value ratios and proves their value space under the conditional factors.