Original Articles
Wang Di
Abstract
The small and medium-sized enterprises (SMEs) often need guarantee companies to guarantee the loan from banks, and the guarantee companies undertaking the businesses require SMEs to provide counter-guarantee. How should counter-guarantee risk reserve be paid? And how much should enterprises pay? There is a lack of relevant research at home and abroad. This paper builds dynamic counter-guarantee model in a guarantee system of the bank - guarantee company - SME cooperation with government support. According to the size of enterprises’ business risk , the counter-guarantee risk reserve is dynamically adjusted. When business risk increases, enterprises are required to increase risk reserve in the account; when business risk reduced, enterprises can extract excess reserve. Dynamic counter-guarantee reserve can be used to control bank loan credit risk, solid guarantee system, and help to solve the financing problem of SMEs.