Research On Default Risk Of Finance Supply Chain

The most major problem that Commercial Bank is facing is the Default Risk of the Small-and-Medium- Sized Enterprises (SMEs), which is the primary factor that makes the Commercial Bank loss, and traditional credit technological means cannot grasp the risk and cost of SME market. The Finance Supply Chain (FSC) changes the present situation, which changes the credit mode that commercial banks and other financial institutions credit to a single enterprise in the past. It takes full advantage of the industrial structure of the supply chain and grasps the details of the transaction. It provides financial support to SMEs in the supply chain around the core enterprise. So the default of SMEs is under the active control, simultaneously, FSC solves the finance difficulty of SMEs. FSC has great potential market, which is becoming a new area of competition among commercial banks. Therefore, it is necessary to take systematic research on financing models and default risk of the FSC, so as to bring new ideas to the innovation and development of FSC business.In view of this, this paper embark with Commercial Bank developing FSC practice of our country, and unifies fundamental research and practice inspection method, through structure analysis and comparative analysis, carries on the system analysis to our country FSC default risk production mechanism, summarizes its unique characteristic, and constructs the quality synthetic evaluation model to SFC default risk according to the above. This article primary coverage divides into three parts: First, This paper studied the FSC's connotation and the organic structure, and made the theory explanation to the FSC from the Credit Rationing, the Principal-Agent, the Transaction Cost and the Structure Financing angle. In addition, this paper proposed default risk of FSC from the bank angle, and through comparative to the default risk models, the Multi-level Gray Evaluation is efficacious device to synthetic evaluation to the default risk of FSC.Secondly, from the parties of FSC to embark, this paper specially analyzed the production mechanism of default risk of three kind of basic financing patterns to FSC, summarized that FSC default risk possessed the unique characteristic, "the contract relations complexity", "the linkage with the whole supply chain" and "the evaluation profile multiplicity", which laid the foundation for the target selection and the case study to the quality synthetic evaluation model.Third, evaluating with the Multi-level Gray Evaluation, this paper constructed default risk indicator system of medium-sized enterprise based on the FSC, carried on the quality synthetic evaluation to the default risk of FSC's patterns, so as to outstanding the core idea of supply financing which review SMEs'default risk from entire supply chain angle. And then carrying on case study accorded to this model, thus qualitatively, objectively and scientifically promulgated the validity and the superiority of FSC. Finally, according to several aspect factors which took into account in default risk model, this paper proposed some relative guard countermeasure and suggestion for further develops FSC.This paper constructs the FSC default risk evaluation model, which can develop the Commercial Bank FSC business, and this paper provides the reference that Commercial Bank how to actively control risk.