The Risk Analysis Of Banker’s Acceptances Business

Bankers’ acceptances is a credit instrument which combine commercial creditand bank credit, it has the advantages of safety, liquidity, profitability, and greatlypromote liquidity in the inter-enterprise, commodity circulation. It becomes therational tools of corporate payment and financing, and can optimize the asset structureof commercial banks, and also an important tool for improving economic efficiency.However, with the growing use of bankers’ acceptances and the general increase inthe extent, exposed the risks of financial fraud cases in respect of the Notes, the bank’sirregularities event occur, greatly influenced the social and economic order and thehealthy development of the business of banker’s acceptances. How to activelycircumvent bankers’ acceptances risk, to protect the safety of financial institutions andfunds, maintaining a normal social and economic order, promoting regulate operationof the business of notes and the healthy development of Chinese commercial bankshas become the urgent problem.The risks of banker’s acceptances bill business mainly include acceptancebusiness risk and discounting business risk, asymmetric information is the root whichlead to risk, ie information asymmetry between banks and enterprises, commercialbanks’ internal management information asymmetry and regulatory authorities andbanking information asymmetry. The theory of asymmetric information governancemechanisms include the following: credit rationing theory, incentive theory andincomplete information dynamic game.So, we firstly elaborated the concept of business of bankers’ acceptances, andcombined with the information asymmetry theory of modern information economics,deeply analysis the commercial banker’s acceptance bill business risk mechanism atcurrent stage from these three aspects: information asymmetry theory, principal-agent theory and incomplete information dynamic game. Then we proposedcountermeasures for how to create banks and enterprises, the bank’s internalmanagement information between regulatory authorities and the symmetry fordifferent risks. Finally combining theory with practice, take Yueyang County RuralCredit Cooperatives for example, based on the facts that Yue Yang RCC only carriedout discount business, We use of information asymmetry and principal-agent theoryto analyze the characteristics of discount business risk, proposed the effective practices and institutional guarantee of how to Develop Banker’s acceptance billsbusiness.