Research On Risk Discrimination And Prevention Model Of Inventory Finance

With the concept of supply chain finance gradually been taking root, the financing model for supply chain is rising rapidly,The study on supply chain of financing services gradually become the focus of research, but they have something incommon--their researches are all qualitative, Theoretical studies far behind the actual requirements of the development of business and as a result it caused a certain degree of restraint to the development of supply chain financing. based on this reality ,we focus our research on inventory pledge financing,through quantifing the factors that influence the pricing, analysis the relationship between these factors and the important role in the bank’s credit contracts,in order to provide certain theoretical basis for decision-making.In this paper,participants in the logistics-finance service are divide into two sides,one is the ones who provide the service--banks and logistics companies who lend the money,the other is ones who receive the service--the companies who borrow the money.Logistics companies and the bank act as one group, we don’t consider profits allocation between them. At first this paper make a summarize of the development history and development status of logistics-finance ,discusse logistics-finance mode and the main risks etc,then do the quantificational researches by the way of contracts .We established screening model of subjective and incentive model to prevent finance companie’s subjective default risk and moral hazard risk, obtained the best decision variable credit decision mechanism based on loan interest rate and the pledge rate. different subjective default risk financing companies have different sensitivity on the pledge rate and interest rate;Inorder to prevent the risk of the pledge, we established the punishment model, through increasing the cost of of default directly Bank pass pledge price risk and liquidity risk onto the financing company.; by analyzing liquidity risk and price risk on the value of loan repayment, obtained that, banks should develop a lower interest rates and lower loan pledge rate to the company who’s pledge have a high liquidity risk, and develop high interest rates higher pledge rates to the company who’s pledge have a higher risks of price risk. Finally, through numerical simulationprove the correctness of the theory.