A Study On The Risk Evaluation And Control Of The Loan Based On Pledge Of Goods

Difficulties in financing has been the bottleneck which restricts the development of SMEs. In the late 1990s, Shenzhen Development Bank and China National Materials Storage and Transportation Corporation started logistics financial services in China. Using the goods which occupied most of the funds to carry out pledge financing, not only can the bank control the loss when default occurred, but also the SME financing had opened up a new channel. However, the logistics finance itself has some risks, the theory about the risk evaluation and risk control of logistics finance is not mature, particularly lack quantitative research. Pledge of goods is the core of logistics financial services, thus, it has a great significance to start a further study on the associated risk evaluation and control theory of Pledge of goods.The article focused on the studies on the evolution of the concept, the mechanism and the basic model of logistics finance. Through which, it gave a conclusion that the pledge of goods was the core of the financial logistics. Then the article described the concept, the characteristics, and the control mode of the financing which based on the pledge of goods.In the risk evaluation process, the article was based on the absorption of existing research results. It tried to consider the pledge of goods as a whole perspective, constructed a more comprehensive index system of risk evaluation, and applied the improved fuzzy AHP method to calculate the weight for the indexes. Combined with the multi-level grey evaluation, the article constructed a new function of fuzzy comprehensive evaluation method, and derived a risk measure value, and gave an empirical study.In the risk control process, the article gave some risk prevention measures from the angles of the Bank and the Logistics. And the article used the risk measure value which derived from the risk evaluation to improve the model of pledge rate which based on the market risk of goods price, and obtained an integrated model which was able to reflect the market risk of goods price and the risk of the loan based on pledge of goods...