资源描述：
《金融学外文翻译--西方商业银行信用风险的度量》由会员上传分享，免费在线阅读，更多相关内容在应用文档-天天文库。
1、外文原文ToleranceoftheCreditRisksofCommercialBankCommercialbankmainmodelandmethodincludingtraditioncreditrisks,creditofmanagementmeasuremethodandbasedonVARmoderncreditrisksmeasuremodel.Amongthem,traditionalcreditrisksmeasuremethodincludeexpertsystemcamphortre
2、elaw,creditpointsystemandneuralnetworkmodel,andbasedonVARmoderncreditrisksmeasuremodelincludeKMVmodel,surtaxmodel,modelofCredit-MetricsandcreditrisksofCSFP.Expertsystemmodellawbeforeoneyear,financialinstitutionisitanalyzeordeterminethenatureanalyticalmeth
3、odnottoweighcreditrisks,enterpriseofloansubjectivelytorelyonmainly,thiskindofmethodiscalledtheexpertsystemmodels.Suchasclassical"6Claw"-Bythemoralityaboutexpert'sfoundationdebtor(character),ability(capacity),capital(capital),pledge(collateral),managemente
4、nvironment(condition)andcontinuity(Continuity)ofundertakingsixfactorevaluatecreditworthinessandcomprehensiverefundabilitytheir,determinewhethertogranttheloanfinallyornot.Whetherclassicalcreditisitstoressomedefectsintoanalyze,mainlyshowinginthefollowingasp
5、ects.①Riskthatthehumanfactorbrings.②Followingtheseriousbureaucraticstyleofwork.Creditpointsystemtoreflectdebtoreconomicsituationorinfluencedebtorseveralindexes(suchasthefinancialrateoftheborrowingenterprise),creditofstateentrusttocertainweight,receiveandr
6、eflectcreditthedividingvalueorthevalueofprobabilityinbreachsyntheticallyofthecreditstatethroughsomespecificmethods,andisitisitpayloangrantandloanfixedpricetodeterminetocomecomparedwithbasicvalueit.WhetherZvaluemodelproposebyAltman,adoptfivefinancialindexe
7、s(5financialindextheseon1968.Xl=Networkingcapital/totalassets,X2=Retaintheincomes/totalassets,X3=EBIT/totalassets,X4=Benefitmarketvalue/thebookvalueofthedebt,X5=Theincomefromsales/totalassets)calculatetheweighting,implementcredittomarktotheborrowingenterp
8、rise,comparetotalpointswithcriticalvalue,distinguishthebankruptcompanyandnotgobankruptinthecompany,willnotgranttheloantothebankruptenterprise.1977,Altman,Hardeman,MahayanaisitsetupcategorizedaccuracyhigherZETAmodelt
