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借款人不同的债务清偿结构会给放贷银行带来不同的信贷风险。引入熊市价差期权构造原理建立的贷款保险定价模型,能够较为准确的度量到这类风险,有助于提升贷款保险价格的合理性,弥补了同类定价模型的某些不足。通过数值分析发现:在借款人的债务结构中,清偿顺序优先或等同于贷款的债务会不同程度的威胁到贷款的正常清偿,从而加大信贷风险,贷款保险价格或信贷风险防范措施应做出相应调整。
Different borrower debt settlement structure will give lending banks different credit risk. The introduction of the loan insurance pricing model established by the theory of the structure of bear spread options can measure these risks more accurately and help to improve the rationality of the loan insurance prices and make up for some deficiencies of the similar pricing model. Through numerical analysis, it is found that in the borrower’s debt structure, the liquidation priorities or the debts equivalent to the loans will threaten the normal repayment of the loans to varying degrees, so as to increase the credit risk. The loan insurance price or the credit risk prevention measures should be made Adjust accordingly