中小企业贷款风险管理技术创新

Innovation of the Small and Medium-sized Enterprises Loan Risk Management Technology

在分析中小企业融资的现状及问题的基础上,从中小企业融资和银行风险管理两方面需求出发,创新性设计了一款带担保的双边信用违约互换产品:利用资产担保和第三方担保,重构信用违约互换交易模式。运用KMV模型和现金流模型,计算合约标的公司的违约率以及各个参与主体的收益。通过蒙特卡罗仿真,发现该产品能够降低企业贷款的风险程度,提高银行和公司整体的现金流入。该研究结果为解决中小企业融资问题提供了新思路。

Based on the analysis of the current situation and problems of the small and medium-sized enterprises(SMEs)financing,considering the needs of SME financing and bank risk management,this paper innovatively designs a guaranteed bilateral credit default swap product:which uses asset guarantee and third party guarantee to reconstruct the credit default swap trading model.KMV model and cash flow model are used to calculate the default rate and the income of each participant.Through Monte Carlo simulation,it is found that the product can reduce the risk degree of enterprise loan and increase the cash inflow of banks and companies as a whole.The research results provide new ideas for solving the financing problem of SMEs.