The Research On The Risk Management Of Credit Guarantee Organization For Small And Medium-sized Enterprises

As an important part of our national economy, the small and medium-sized enterprises(SMEs) play increasingly major role in keeping economic development, easing employmentpressure and keeping society stable. However, SMEs are facing many problems, especiallyfinancing difficulty. Financing difficulty becomes the "bottleneck" of SMEs' survival anddevelopment.Judging from the economic perspective, the SMEs' financing difficulty dues to informationasymmetry between banks and SMEs. SMEs credit guarantee is the breakthrough of financingdifficulty under asymmetric information. SMEs credit guarantee organization uses itintermediary function, changing the credit relationship between "SMEs-banks" to be"banks-SMEs credit guarantee organization- SMEs". The credit guarantee organization throughspecialized operation solutes the credit activities between banks and SMEs under informationasymmetry.Credit guarantee organization operating risks bears the responsibility, and it is aninternationally recognized high-risk industry. This paper is a study about risk management ofcredit guarantee organization, based on detailed analysis of security risks. This paper concludesgenerally using methods of risk management and proposes quantitative risk management modelsfor the project, that is the risk prediction VaR-model and the subsequent risk monitoringZeta-model.This dissertation is divided into six chapters: The first chapter is introduction. The secondchapter describes the basic theory of SMEs credit guarantee and its risk management. The thirdchapter discusses risks of credit guarantee from the comer of causes, risk classification andsources of credit risks. The fourth chapter concludes generally using methods of riskmanagement and proposes quantitative risk management models for the project. The fifth chapteruses an example from Guarantee Company to prove the risk management methods and models.The sixth chapter is summary.