Research On The Impact Of Loan Risk Compensation Funds On The Loan Pricing Of Small And Medium-sized Technology-based SMEs

Technology-based SMEs play a very important role in China's economic development,but the overall situation facing financing difficult.It is difficult to solve for a long time.And commercial banks need to solve the problem of how to apply for technology-based SMEs loans pricing problem is relatively reasonable.According to the present situation of China's commercial banks,loan financing in small and medium sized enterprises,the Ministry of science and technology and puts forward relevant policy suggestions,hoping to set up the compensation mechanism of credit risk,promote commercial banks to provide credit support totechnology-based SMEs.Firstly,this paper is based on the credit risk of technology-based SMEs,using KMV model to analyze the expected default probability of technology-based SMEs and small and medium enterprises.Comparison of two types of small and medium-sized enterprises credit risk,empirical evidence of technology-based SMEs due to higher credit risk,financing is difficult,the country put forward the compensation policy of credit risk for commercial banks and SME loan risk compensation mechanism established has certain practical significance.Secondly,the paper sums up the model of the current loan risk compensation mechanism for commercial banks in China.In various provinces and cities as an example to introduce two models of loans risk compensation mechanism of China.This paper points out that the loan pricing is based on RAROC loan pricing methods suitable for China's SMEs.Then the RAROC loan pricing method under the loan risk compensation mechanism is established,and the indexes are measured.Because the loan risk compensation is not reflected in the RAROC pricing model in the existing,this paper will introduce RAROC compensation mechanism of credit risk pricing model,considering the risk of loan loss compensation factor in the expected losses,adjusted for expected losses in the default loss rate,to improve the basic RAROC loan pricing method.And based on the ASRF model,commercial banks are measured to resist the unexpected losses of loans.Finally,this paper selected seventeen technology-based SMEs to apply for loans to ICBC,and used the RAROC loan pricing model to price each loan.Then used the RAROC loan pricing method to improve the compensation mechanism of credit risk under the loan pricing.By using a series of loan risk compensation ratio,the loan interest rate is calculated,and it is concluded that the loan risk compensation fund has certain influence on the loan pricing of the scientific and technological SMEs in commercial banks,which can reduce the loan interest rate,and make the small and medium sized high-tech enterprises more likely to obtain loan financing.