Logistics-Financial Model Research On Pledge Of Movables And Collateral Loan

The rapid development of the domestic logistics industry aggravates the competition environment. Logistics-finance, with its higher append-value and perfectly performance in both logistics and finance, is now becoming more and more popular. Logistics-finance bring Profit to all the participants-bank, logistics company and the company who applies for loans. Thanks for logistics-finance, companies who need money find a new financing channel.Logistics-finance is now a hot point in the logistic theoretic research field. Many scholars did their research by different way, but they have something in common--their researches are all qualitative. For example, they discussed the benefits and models that a logistics-finance have. Quantificational researches can rarely be seen. Because of the lag of quantificational researches, logistics-finance meets some problem in its developing way. This make it a critical problem that how to distribute the profit.This paper applies two cases under the condition of abstract dynamic pledge, deduces the objective function according to advanced mathematics, simplifies the pricing problem by the use of contracts perspective, assumptions and setting of the boundary conditions, focuses on the effect of market risk in pledge to interest rate, and gives the best lending rate under a certain market risk and credit discount rate. Because of extensibility and drawing on research ideas and results of a general pledge of movable and collateral loan, this research applies it to a new logistics-financial area----dynamic pledge. At the same time, this paper also propose some suggestions about developing pledge of movable and collateral Logistics-financial service.