本文選題：小額貸款公司 + 貸款定價��； 參考：《安徽財經(jīng)大學(xué)》2013年碩士論文

【摘要】：隨著我國資金需求的不斷擴(kuò)張,新興的小額貸款公司開始在金融市場嶄露頭角。自2010年下半年以來,在宏觀經(jīng)濟(jì)緊縮的政策下,商業(yè)銀行開始逐步收緊銀根,與此同時,由于前兩年的信貸松綁,商業(yè)銀行已經(jīng)無錢可貸。在此背景下,支撐國民經(jīng)濟(jì)的中小企業(yè)資金短缺,融資顯得更加困難,然而試點(diǎn)至今已逾4年的小額貸款公司則乘勢迎來發(fā)展契機(jī)。小額貸款公司作為一種新生事物,正處于初步的探索階段。那么,小額貸款公司如何利用收入覆蓋成本以及彌補(bǔ)損失?如何建立合理的貸款定價體系以保持目前良好的發(fā)展態(tài)勢?這些都應(yīng)引起理論界和實(shí)務(wù)界的廣泛重視。 本文首先就幾種主要的貸款定價方法的基本原理進(jìn)行闡述,并針對各種貸款定價方法的優(yōu)勢、局限以及適用性展開比較；其次,根據(jù)小額貸款公司自身的特點(diǎn)以及貸款定價方法選擇的主要影響因素篩選出適合的定價模型——基于風(fēng)險調(diào)整收益(RAROC)的貸款定價模型；然后對模型中各變量加以介紹,針對復(fù)雜變量進(jìn)行分解說明,從而達(dá)到對整個模型的詳細(xì)分析,最后以A小額貸款公司的數(shù)據(jù)為案例,通過模型計算對對小額貸款公司的貸款定價過程進(jìn)行具體的應(yīng)用演示。 研究發(fā)現(xiàn),對于小額貸款公司而言,利用RAROC定價法測算出的貸款利率能較好地覆蓋信用風(fēng)險,具有一定的可操作性。首先,RAROC模型的核心思想是將預(yù)期風(fēng)險損失量化為當(dāng)期成本,將未來無法識別和度量的風(fēng)險量化為非預(yù)期損失,使貸款價格能夠較好的彌補(bǔ)非預(yù)期損失；其次,通過選取具有一定代表性的小額貸款公司進(jìn)行案例分析,以便指導(dǎo)小額貸款公司貸款定價,模型測算出的貸款價格同小額貸款公司的實(shí)際利率相比是偏低的,表明目前小額貸款公司的利率水平可以實(shí)現(xiàn)較好的盈利。但是這種方法在運(yùn)用中還存在一定的局限,表現(xiàn)為信用評級不完善、數(shù)據(jù)信息不充足、風(fēng)險考慮不周全等,并針對這些問題提出相應(yīng)的政策建議。
[Abstract]:As China's capital demand continues to expand, the emerging microfinance companies have begun to emerge in the financial market. Since the second half of 2010, commercial banks have gradually tightened their silver roots under the policy of macroeconomic tightening. At the same time, commercial banks have no money to lend because of the credit loosening of the previous two years. Small and medium-sized enterprises in the people's economy are in short supply and financing is more difficult. However, the small loan companies that have been in the pilot for more than 4 years have come to the opportunity to develop. As a new thing, microfinance companies are in a preliminary exploration stage. How do microfinance companies use income to cover costs and make up for losses? How to establish a small loan company Reasonable loan pricing system to maintain the current good development trend, all these should arouse the extensive attention of the theoretical and practical circles.
This paper first expounds the basic principles of several main loan pricing methods, and compares the advantages, limitations and applicability of various loan pricing methods. Secondly, according to the characteristics of the microfinance company and the main influence of the loan pricing method, the suitable pricing model is selected from the main influence of the loan pricing method - based on the wind. The loan pricing model of risk adjusted income (RAROC) is introduced. Then, the variables in the model are introduced, and the complex variables are explained in detail, thus the detailed analysis of the whole model is achieved. Finally, the data of the A microfinance company is taken as a case, and the loan pricing process of the microfinance company is concretely applied through the model calculation. Demonstration.
The study found that for small loan companies, the loan interest rate calculated by RAROC pricing method can better cover credit risk and have certain maneuverability. First, the core idea of RAROC model is to quantify the expected risk loss as the current cost, and quantify the risk of future inability and measurement into unexpected loss, so that the loan will be loan. The price can make up the unexpected loss better. Secondly, by choosing a representative small loan company to carry on the case analysis in order to guide the loan pricing of the small loan company, the loan price calculated by the model is low compared with the real interest rate of the microfinance company, indicating the interest rate level of the small loan company at present. Good profit can be achieved, but there are some limitations in the application of this method, which shows that the credit rating is not perfect, the data information is insufficient, the risk is not fully considered, and the corresponding policy suggestions are put forward for these problems.
【學(xué)位授予單位】：安徽財經(jīng)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.4

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