分类分级的政策性融资担保业务费率体系构建  

Construction of a Charge Rate System for the Classified and Graded Policy Financing and Guarantee Business

作　　者：李铁宁[1] 罗建华[1] 胡建国[1] 

机构地区：[1]长沙理工大学经济与管理学院,湖南长沙410004

出　　处：《金融发展研究》2016年第10期20-25,共6页Journal Of Financial Development Research

基　　金：湖南省科学技术厅软科学研究计划(重点)资助项目(2015ZK3015)的阶段性成果

摘　　要：为解决当前我国担保业面临的"三大困境",通过担保机构制定统一的政策性融资担保业务收费标准是途径之一。而现有文献,无论是基于期权定价技术,或是基于风险价值(VAR)信用度量,还是RAROC的模型,均忽视了担保市场外部环境因素对担保定价的影响。本文在RAROC模型基础上,吸收并借鉴了战略管理理论中的内部条件和外部环境的思想,对申请担保企业的还款能力基础条件、反担保条件以及担保市场环境条件综合进行评估定级,同时根据担保实际情况调整各项担保指标的修正系数,并对单类担保业务的担保费率和收费价格等担保指标进行测算。此外,针对不同类别担保业务,还构造了多类担保业务矩阵模型。In order to solve the ＂three assurance dilemma＂ in our country currently, establishing a unified charge standard of the policy financing guarantee business for the guarantee agencies is one of the methods. The existing literature, whether based on the option pricing technique, value at risk （VAR） credit measurement or the RAROC model, all have ignored the influence of external environment factors of the assurance marketon the pricing. Based on RAROC model, this paper absorbs and draws lessons from the internal conditions and external environment of strategic management theory thinking, assesses and grades the enterprise applying for guarantee comprehensively in the aspect of foundation condition of guarantee enterprise reimbursement ability, counter guarantee condition, market environment and guarantee conditions. At the same time, the correction coefficient of the guarantee indicator is adjusted according to the actual guarantee circumstance, and the single type guarantee business assurance rate and price index are measured. In addition, aimed at the guarantee business for different categories, this paper also constructs many kinds of guarantee business matrix models.

关 键 词：政策性融资担保 分类分级担保业务 担保定价 

分 类 号：F832.39[经济管理—金融学]