Research On Risk Management Of Financing Guarantee Business Within YF Guarantee Company

Since the reform and opening,small,medium and micro-sized enterprises have played an important role in the development of national economy,but the problem of “difficult and expensive financing” has become an obstacle to the development of small,medium and micro-sized enterprises.To a certain extent,the emergence of financing guarantee companies solves the problem of “difficult and expensive financing” for small,medium and micro-sized enterprises.Financing guarantee companies have a history of over twenty years in China and most of them are policy-based guarantee companies at present.YF guarantee company is a policy-based guarantee company that mainly provide financing guarantee for small,medium and micro-sized enterprises.Accompanied with the development of company,more and more problems become obvious,such as the company's rising project compensation rates.The importance of risk management for YF corporation is self-evident.With YF guarantee company as the research object and the author's 4 years' work experience in guarantee company,this paper analyzes the existing problems in risk management of financing guarantee business of YF guarantee company through literature research method and case analysis.It is found that YF guarantee company has the following problems in the whole business process: Before the guarantee,data collection is not complete,information collection channels are limited,the investigation is inconsistent with the actual situation;In the guarantee,the risk control department and the business department work responsibilities are not clear,the review is mere formality,the lack of risk warning mechanism;After the guarantee,return visit system has not been implemented,compensation is difficult to advance.According to the actual situation of YF guarantee company,put forward some feasible optimization suggestions,including:Before the guarantee establish the enterprise credit rating system,expand the external information collection channel,strengthen the communication and cooperation between various departments within the company;In the guarantee,improve the project review system,implement the project implementation process,clear business and risk control responsibility;After the guarantee,improve the post-insurance management system,accelerate the progress of compensation recovery,establish a risk management accountability mechanism.After the implementation of the optimized risk management system,it is expected to reduce the company's compensation rate,promote the progress of the company's compensation projects,accelerate the return of compensation funds,and realize the sustainable development of the company.Meanwhile,it has certain reference significance for the risk management of the same type of domestic guarantee companies.