The Reserch Of Princing Modle Based On The Supply Chain Financial Products

At present, supply chain finance is one of the most important business point of growth ininternational banking liquidity loans fields, with the help of the novel" group purchase"development pattern and risk control means, can gain prominent economic benefit and socialbenefit. However, the study on China's supply chain finance start late, on the financial supply chainproduct pricing is scanty, which still at the initial stage. In this paper, considering the financialinstitution is backbone promoting supply chain finance products, and product pricing is the mostcritical part for financial institutions to expand their business, so research the supply chain financialproducts pricing from the angle of financial institutions has great practical and theoreticalsignificance.This paper study classifically on supply chain finance products based on in-depth analysis onthe concept, the characteristic, the gap between supply and demand of supply chain finance.According to the typical loan pricing, point out they did not consider the financial institutions'relationship of rental income which bring by supply chain finance. In view of this, this papercombined with the characteristics of supply chain finance products and set up reasonable allocationrelation of rental income, profit of intertemporal compensation supply chain financial productpricing model. Finally, this paper adopts the China M bank's date from2005to2007, andrepresenting the of small and medium-sized enterprise data which purchase M bank's supply chainfinance products by some small and medium enterprises data.Empirical analysis the pricing modelwhich based on the supply chain financial product. Firstly, this paper put forward that China'ssupply chain finance is in vast development space based on depth analysis of supply chain financeproducts concepts and traits, from the supply chain finance business participants with different pointof view. Secondly, based on the study of supply chain finance three categories of products, productcomponents in the module, know that supply chain finance can bring considerable relationship ofrental income for financial institutions, and deeply analyze the accounts receivable financingexample. Thirdly, through study and comparative analysis to three kind of typical model of loanpricing, this article point out that this three kinds of model does not take into account therelationship of rental income that supply chain finance bring about for financial institutions, so it'snot suitable for supply chain financial product pricing. Then, this paper regard supply chain finance as a European call option, whit the pricing for call option, take the relationship of rental income intothe pricing of financial products based on supply chain model. Finally, this paper adopts the ChinaM bank2005-2008part of small and medium-sized enterprise data virtual the data of small andmedium-sized enterprise that purchase M bank's supply chain finance products, example analysisbased on the supply chain financial product pricing model, and in the other variables as meanhypothesis premise, calculate bank acquired loan business probability for different strength of therelationship between the bank, then formula deduce the financing interest rate which can becompensate adjustment according to the rental income.