The Study Of Guarantee Risk Transmission Mode Of RY Company

The beginning of the century, with frequent exposure of corporate bankruptcy collapsebecause of guarantee, domestic theory and practice community gradually concern on securitychain. Especially attracted the close attention of the management of commercial banks, thebanks gradually introduced a lot of documents to defuse the security chain caused by creditrisk, and required banks to build long-term mechanism of the guarantee risk prevention.However, the2011civil borrowing binge and local credit environment has not been restoredspread, since2012, enterprise risk events continued to appear, and then concentratedexposure of enterprises in ZheJiang guarantee risk, and along the point, line, surface meshinterwoven context of the huge spread rapidly and spread. Obviously, the credit crisisfinancial crisis Zhejiang, the guarantee chain risk still exists, and the scope of the risk maybe greater, affecting more complicated. Therefore, based on actual cases from RY companyto explore corporate guarantee risk conduction problem more realistic sense.As a private enterprises of good development, RY company has guarantee relationshipwith a larger number of companies, after obtaining many loan financing, correspondingguarantee risk goes hand in hand, Rapid Prototyping and infection of risk has enormousthreat to the RY company’s financial position.Meanwhile, the intricate guarantee relationshipmake corporate risk tends to concealed. The RY company is also more vulnerable to risktolerance. Studies have shown that the risk of generating RY company is well received byaffiliates of RS Group and its subsidiaries, as well as some from the mutual insuranceassociation between enterprises mutual guarantee question, of course, the deeper reason iscombined effect of factors which the market system is imperfect, the legal environment isnot sound, bank risk management control vulnerabilities and so on. Obviously, these are notstandardized guarantee behavior will lead to many unavoidable risks, such as associatedEnterprises mutual common, involved in many households and lot of money, guaranteebanks involved suffered different degrees of credit risk.There are many ways of guarantee risk conduction, from different angles can beexpressed as different modes, real environment mainly:"linear", is part of the enterprise tocompensate for lack of collateral by way of providing mutual access to bank loans."Umbrella", is part of the business was incorporated as the use of a number of relatedaffiliates, related companies were separate legal identity to borrowing from banks but also for the parent company to provide financing guarantees, once the parent capital chain willlead directly to these associated enterprises at risk."Mesh", is on a voluntary basis in theenterprise composed of Mutual guarantee, led by Mutual guarantee provide guarantees forloans to its members, members of the group are jointly and severally liable, thus constitutinga ring secured chains. RY company guarantee risk conduction mode is not simply a class,there was not only mutual guarantee chain simple linear form, there is also a complexnetwork form and therefore more inclined to believe that this risk guarantee covers all typesof conduction is a complex network mode. RY corporate guarantee risk process is a complexstructure in such companies through a chain of conduction. Thus, in response to the riskconduction RY corporate guarantee scheme, to seize the main article several related groupcompanies, respectively, each one associated enterprise to take effective measures tomitigate the risk of further spread of the guarantee.Therefore, after the guarantee risk expands basic theoretical research, we further rely onactual cases, with RY company’s guarantee as a breakthrough, the theoretical analysisapplied to the actual case, we analysis RY company basic conditions of guarantees risk, andguarantee risk conduction mode, thus guarantees from three perspectives proposed riskprevention measures: First, the main guarantee participation perspective, intendedcumulative risk from the source control, security concerns involved in the body (theguaranteed corporate and guarantee corporate) in the process of normalization in the securityoperation; the second is from a commercial bank perspective, the establishment of long-termmechanism of risk prevention, focusing on the implementation of bank loan riskmanagement and early warning and prevention system; third main perspectives of regulationplay a regulatory function, improve and standardize the behavior of corporate bankruptciesguarantee, widening the capital market financing channels, improve the social credit system,improve dishonesty costs, security risks in a timely manner to prevent the devastating impacton the regional economy.