Research On The Credit And Market Risk Based On Online Supply Chain Financial Innovation Mode

The small and medium-sized enterprises play an irreplaceable role in the development of the national economy in China.But the financing problems have been plaguing the small and medium-sized enterprises for many years,which become the bottleneck of their development.The supply chain finance effectively alleviates the small and medium-sized enterprises' financing difficulties.But the formalities and examinations of the supply chain finance are complicated and the labor cost is expensive in the information gathering process.Since the financial efficiency is low,the traditional offline supply chain financing time cost is high,which can't meet the demand of emergency funds of the small and medium-sized enterprises.With the rapid development of information technology and big data technology,the supply chain finance which can rely on the "manual" gradually changes direction to the online supply chain finance which can rely on "the data and information integration".Thus,the online supply chain finance becomes the hot issue.Firstly,this article analyzes the online supply chain financial cloud platform system architecture.Based on this platform,we put forward four innovative financing methods: online confirming warehouse financing mode,on-line financing mode of inventory warehouse,online receivable factoring financing model.We then compare the three kinds financing models from the object of financing,the pledge,the risks and other dimensions.This can provide the guide to choose of different online supply chain financing patterns.Secondly,the online supply chain finance has the credit risk,market risk,operational risk and legal risk.After the assessment of the risks,we find that that online supply chain operation risk and legal risk is a kind of controllable risk.Therefore,this article focuses on the credit risk and market risk.Moreover,by using the theory of game theory model,we analyze the traditional supply chain finance based on both sides and online financial supply chain based on three sides and the comparison shows that the introduction of electronic platform operators in the tripartite game can effectively reduce the default probability of small and medium-sized enterprises,then it can control the online supply chain finance credit risk.Finally,this paper introduces the credit default swap contract into the online supply chain in the financial system in order to transfer the online supply chain financial market risk.By establishing the mathematical model of credit default swap business and comparing the policy decision of supply chain main body,we can conclude that the online credit default swaps can not only transfer online supply chain market risk,but can increase the pledge rate under some certain conditions,which can thus increase the small and medium-sized enterprise loan amount.Through the study of this article,we hope that it can not only provide the guidance for online supply chain financial mode selection,but the online financial market risk and credit risk control strategy can provide the certain reference value for banks.