A Study On The Decision Of The Warehouse Receipt Pledge Financing From The Perspective Of The Bank

At present,our country's economy has entered a new normal state,and the speed of economic growth is slowing down.Small and medium-sized enterprises are the important driving force to drive economic growth.However,due to the small scale of SMEs and the lack of financing channels,they often face the problem of financing and restrict the development of enterprises.The emergence of supply chain finance has infused new blood into the development of SMEs,reinvigorated their vitality and brought hope to many SMEs.The credit market for small enterprises is no longer elusive.As an innovative model of supply chain finance,pledge of warehouse receipts can not only solve the financing problem of SMEs,but also extend the bank's in-depth service.At the same time,it also enriches the business types of logistics enterprises and achieves win-win situations.As the leading force in the financing business of the warehouse receipt,the bank controls the development of the whole financing business.Therefore,this paper is mainly from the perspective of the bank to study the decision of the warehouse receipt pledging financing service.First of all,this paper introduces the background and significance of the topic,combs the relevant literature at home and abroad,and summarizes the relevant theories applied.At the same time,it introduces the background of Bank A,analyzes the present situation and existing problems of bank pledge business.Secondly,taking the bank as the decision-making body,we focus on the decision of the pledge rate,and consider the influence of the price random change on the decision of the pledge rate.According to the actual business conditions of A Bank,a static one-time pick-up model and a dynamic multi-pickup model are respectively established.In the process of studying the static one-time pick-up model,a static warehouse receipt pledging financing decision-making model is obtained by considering bank constraints under the change of pledge price.By taking the actual case data of Bank A into the model,we get the best quality and maximum expected profit of A bank under this business background,and analyze the impact of loan interest rate,loan term and logistics cost on A bank decision making.In the process of research on the dynamic multi-pickup model,draws on the similarities between the Markov process and the dynamic warehouse receipt pledge business process and establishes a dynamic multi-pickup pledge rate decision-making model using the idea of Markov process.The model also considers the price risk,combined with the bank-related risk constraints,with the maximized profit of bank A as the objective function.The data from Bank A's real case are brought into the model to get the optimal pledge rate and the maximum expected profit.The impact of loan interest rate,corporate default rate,bank audit cost is analyzed.Finally,the above research results are summarized,providing some valuable suggestions for bank A's decision-making of warehouse receipt pledge financing services and prospecting for the next research work.