Small And Medium-sized Enterprises Credit Risk Management Based On Credit Default Swap

In recent years,with the deepening of China’s economic transformation and development,small and medium-sized enterprises,as the most extensive and important market players in China,play an increasingly important role in promoting China’s economic growth.On the one hand,small and medium-sized enterprises urgently need to obtain financial support from commercial banks and other financial institutions to promote their own development.On the other hand,due to the increasingly severe situation of bad credit in recent years,commercial banks generally strengthen the risk management of credit assets,especially the space for small and medium-sized enterprises to obtain financing support.The Bank Z as an example,the dissertation studies how to improve the credit risk management level of small and medium-sized enterprises through credit default swap tools,so as to further disperse the credit risk of small and medium-sized enterprises,improve the liquidity of credit assets and the scale of loanable funds,so as to support the financing of small and medium-sized enterprises.The dissertation from the basic concept of credit default swap,review the credit default swap in the international and domestic development situation of the introduction and analysis our country small and medium-sized enterprises financing and the present situation and problems of the commercial bank credit asset management,put forward present growing small and medium-sized enterprises financing needs and the commercial bank credit is unreasonable,unbalanced the contradiction between the conclusion.Based on the contradiction,the author puts forward the idea that commercial banks should innovate credit risk management tools and rationally use credit default swap to serve the majority of small and medium-sized enterprises.At the same time,combined with the actual situation of credit asset management in the Bank Z,the feasibility and necessity of the application of credit default swap are studied,and the process of the application of credit default swap in the Bank Z is designed in the pre-loan and post-loan links.