Research On The Credit Risk Measurement Of Network Lending

With the popularity of the Internet,the rapid development of Internet banking,with the help of the network platform for the loan business is also increasing.Relative to bank loans,online lending has simple procedures,flexible loans and lending speed etc.,so for most cannot or cannot quickly get a loan from a bank Small and micro businesses and individuals,the net loan will undoubtedly provide them with a good platform.However,as with other loans,there is also a risk of net loan.With the past two years,the collapse of the net loan platform and the borrower does not repay the phenomenon,such as the borrower continues to occur,more people are aware of the risks of the network lending industry.In many risks,the credit risk is the main risk facing the net loan industry,credit risk affects the reputation of the net loan platform and subsequent financing loans.The net loan platforms,the credit risk mainly from two aspects,one is due to the possibility of borrower default,on the other hand,because of the change of the net loan platform own credit rating and performance ability lead to debt market value fluctuation,so this paper takes the credit risk as the breakthrough point,g&h distribution fitting good characteristics for the behavior of the tail,the severity of the loss distribution network using method of the credit risk,the risk of net loan losses by Credit Risk+ model,and on the net loan platform to reduce credit risk,credit risk management recommendations.This paper firstly the present development situation of China's network lending and credit risk are introduced,then the development platform pat loans and credit risk management are introduced,and combining the specific situation of the establishment of a pat on the loan pat on the loan credit risk measurement model.After the loan blacklist data of 2010-2016 pat credit analysis,fitting 2010 loan default-2015 years g&h distribution,the estimated parameters of each year,and calculate the value of the corresponding risk,to illustrate the severity of net loan losses according to the estimated value of risk.According to the results,the risk of a pat on the loan since 2013 value decreased gradually,especially in 2015,which shows a pat on the loan of the net loan platform to strengthen the management of credit risk in 2013,reducing the net loan losses.After the loan data of Credit Risk+ for the 2015 model classification research,the study found that small loan default probability is less than the large loan default probability,default loss but small loan defaults than large loans,so the platform should pay more attention to the risk management of small amount loans.At present,the domestic researches on online lending mainly focuses on theoretical research,and time situation,their own advantages and disadvantages and the network lending model of legal system and research of measurement and management of network lending credit risk is relatively small,and more use of the Logistic regression method is based on the borrower's age,working conditions and family status,natural person basic information as the basis of the analysis.The innovation of this paper is through the analysis of data breach of the net loan platform loans,by fitting the loss distribution to measure the net loan platform credit risk,and thus more directly reflect the net loan platform credit risk,finally puts forward some feasible suggestions on credit risk management in China's network lending,so as to promote the healthy development of China's net loan industry.