The Research On Pricing Of Deposit Insurance Of Financial Institute Of China

In order to protect depositor's benefit in depository institution during bankruptcy caused by the management problems or the financial crisis, the deposit insurance system has been produced and developed , until now it has experienced for more than 70 years, during the period existed are not only successful experience, but also losses. The biggest malpractice of advance deposit insurance system lies in the reversion choice and the moral risk, but the basic reason to these problems is lack of a reasonable tariff stipulation standard. Therefore, designing a reasonable deposit insurance pricing becomes an important solution to deposit insurance system. This article has analyzed comprehensively and systematically many years of achievements on the exploration to the deposit insurance pricing in the world and has cleared off the main way to it.The deposit insurance pricing is a topic which has strong features of practicality and utility. This article first introduces the deposit insurance system, including the characteristics, the origin, the development and that in other countries, especially the deposit insurance pricing; Then it summarizes the research achievements on deposit insurance pricing in home and foreign countries. And from this the main part–research on China's deposit insurance pricing is drawn out, Which, in the research is discussed in three ways on terms of practical angle.Merton's option pricing method is only limited in those banks which can possibly obtain its estimated net market value. In fact, this means that the option method can only be used in the banks that have stock exchanges. In order to strengthen the usability of Merton's option pricing method, we have improved the bank asset value and the computational method, these improvements include the cash computation, the risk determination, the adjustment of discount rate. Then according to the banks'stockholder's rights price and estimating the deposit insurance pricing by the market model, combined with binary pricing method, we infer out stochastic compensation-based income pricing model of deposit insurance, and conduct the real diagnosis research using referred banks.Directed by the MF, the bank value is mainly determined by its property value. But credit property value has close correlation with credit property quality. In view of the major part of our Commercial bank is credit property, we have carried on the computation to enterprise's property value, obtained the bank's credit property value by option computation, and analyzed the credit property value and the bank deposit total quantity with contrast, then we have obtained credit risk-based pricing model of the deposit insurance, and carried on the real diagnosis analysis. This is a new attempt which takes our loan service as the main body.In recent years, USA, Canada and other countries have implemented the deposit insurance tariff method which has risk adjustments, the main rating is based on CAMEL pricing method. But at present our country hasn't yet established effective CAMEL appraisal system. In this part, we first carry on the risk rating to the partial commercial banks using the neural network method, and analyze the macroscopic stable economic environment in our commercial banks, then we obtain the risk characteristic tariff matrix in deposit financial institutions, and conduct the real diagnosis research.As a practical system, the most basic standpoint of deposit insurance system lies in application. Through the summary and comparison to the above three methods, we put forward our proposals on our deposit insurance pricing. The findings indicated that, in the preliminary stage, we can adopt the pricing method of risk rating; then gradually transfer to the pricing method of credit risk; Finally, with the development of our capital market and overwhelming banks going on the stock market, we can realize the deposit insurance pricing method based on the income.