信用衍生品与贷款证券化控制信用风险机理研究

Study on control mechanism of credit risk for Credit Derivatives and loan securitization

贷款证券化与信用衍生品是20世纪末发展起来的重要金融创新工具。本文通过对这两种信用资产管理市场化创新工具的结构分析及市场效用的比较研究,揭示其规避信用风险机理及作用,并就发展贷款证券化及信用衍生品对我国信用风险管理的重要性进行论述。

Loan securitization and credit derivatives have been the important financial instrument in the world at the end of 20 century.the structure of loan securitization and credit derivatives is first analyzed, and then their utility and mechanism are compared.At end of the paper,the significance and inspiration for credit risk management in China is given.