美国银行贷款销售:发展、现状与启示

银行贷款二级销售市场是美国发展最快的金融市场之一,本论文从多个角度较为全面地考察了美国银行的贷款销售行为,包括美国银行贷款销售的发展历史、发展现状、银行贷款的销售动机以及贷款销售本身对银行的影响等问题,分析了中国银行贷款销售的现状及原因,认为中国银行应加强投行业务创新,从积极的信用风险管理和经营模式创新的角度来大力发展贷款销售业务.     

外刊扫描

中国银行积极涉足美国商业地产市场中国银行正成为投资于困境中的美国商业地产业的最大的非美国银行之一,其驻美银行家正在市场上四处寻觅新交易。世邦魏理仕的数据显示,在美国多数银行陷于瘫痪、商业抵押贷款     

中美银行业竞争力的实证分析

本文运用多元统计的方法,从定量分析的角度,比较了中国银行业与美国银行的现实竞争力,借以揭示中外银行业的差距,并提出相关的对策建议.     

国际金融信息

美联储调查显示银行对企业与消费者贷款业务持续紧缩。根据美联储公布的1月份银行贷款业务人员调查结果,美国银行时企业与消费者的贷款业务持续紧缩。该调查结果显示,银行在信用卡与其他消费者贷款方面的规定更趋严格,且受冲击最大的仍是商业与工业贷款。在接受调查的银行中,有1/3的银行认为市场对商业与工业贷款的需求转弱,只有1/10的银行认为需求强劲。该调查结果也发现,80%的美国银行提高了对商用不动产贷款的放款标准,     

农业发展银行灵寿县支行把好七关 实现三个百分百

中国农业发展银行灵寿县支行自组建以来,累计发放各类贷款64,000万元,所放贷款的企业销售货款归行率、银行贷款到期收回率、年末贷款利息收回率均达到了100%,实现了贷款安全性、流动性、效益性的高度统一。这些成效的取得源自于把好"七关"。     

我国贷款转让市场研究(二):中国贷款转让业务的发展

<正>三、中国贷款转让业务的发展3.1我国贷款转让业务的发端在我国,信贷资产转让业务是商业银行业务领域中一项重要的金融创新。1998年7月,中国银行上海分行和广东发展银行上海分行签订了转让银行贷款债权的协议,这是国内第一笔贷款转让业务。2002年8月,中国人民银行批准民生银行开展贷款转让业务,随后民生银行上海分行率先与锦江财务公司开展了2亿元的贷款受让业务。2003年7月,中国银监会批准光大银行开办贷款转让业务。随后,贷款转让业务在我国银行间开展起来。国家开发银行成为积极开展贷款转让业务中的转出银行。从2002年国家开发银行以间接银团贷款的方式率先向民生银行转让20亿元贷款以来,国家开发银行已经与多家商业银     

商业银行信贷资产管理

中美银行贷款分类 制度:比较与启示 从分类标准上,美国银行的掌握标准与国内做法不尽相同。 首先,可疑类贷款的分类标准。中国人民银行《贷款风险分类指导原则》对可疑类贷款的定义是“借款人无法足额偿还贷款本息,即使执行担保,也肯定要造成较大损失”。而美联储认为可疑类贷款作为次级类和损失类的“中间过渡状态”,存在“某些重要和合理并且可能增强贷款不确定性的因素”。     

结合外贸特点，推行按销售资金率贷款方式——关于改革外贸贷款方式的建议

一、目前的贷款办法不利于加强流动资金管理 1981年以前,中国银行对外贸企业贷款是根据企业商品流转计划来确定贷款需要的。即用企业计划期末商品资金占用额减去企业自有资金,求出企业计划期末的银行贷款计划额。这种贷款方式对资金周转没有要求,不讲求经济效益,     

商业银行加强房地产贷款风险管理的措施建议

2000年以来，我国房地产业发展迅猛，房地产业银行贷款的金额也急剧增长，引起广泛关注。国内外的经验教训表明，房地产业银行贷款的风险对房地产业、金融业乃至整个宏观经济的发展产生巨大影响。从实务操作的角度，建议商业银行在建立风险预警体系、建立跨区域风险控制互动体系、借款人信用风险全程控制体系、完善贷款责任人制度、贷款风险转移及退出机制等方面落实有效措施，实现对房地产贷款风险的有效管理。     

美国银行微小企业评分卡应用经验及对建行的启示

一、美国银行微小企业评分卡开发的现状 美国银行从20世纪90年代初就开始采用信用评分系统对小企业客户进行评级;2000年后,开始对贷款总额小于300万美元的小企业客户采用评分卡工具并辅以相关的财务报表和现金流分析进行审核;2007年,美国银行开发了针对小企业贷款的评分卡,在小食业贷款发放中大力推广“纯评分卡”制的贷款审核流程。     

Bayesian Premium Rating with Latent Structure

We propose a fully Bayesian approach to non-life risk premium rating, based on hierarchical models with latent variables for both claim frequency and claim size. Inference is based on the joint posterior distribution and is performed by Markov Chain Monte Carlo. Rather than plug-in point estimates of all unknown parameters, we take into account all sources of uncertainty simultaneously when the model is used to predict claims and estimate risk premiums. Several models are fitted to both a simulated dataset and a small portfolio regarding theft from cars. We show that interaction among latent variables can improve predictions significantly. We also investigate when interaction is not necessary. We compare our results with those obtained under a standard generalized linear model and show through numerical simulation that geographically located and spatially interacting latent variables can successfully compensate for missing covariates. However, when applied to the real portfolio data, the proposed models are not better than standard models due to the lack of spatial structure in the data.     

The development of the group accounts disclosure system in Japan

The Japanese disclosure system of consolidated statements was introduced in 1977 and extensively revised in 1997. The role of the bureaucracy has been significant in these developments and seems to be part of Japan's closed culture. However, other explanations could also be applied. In particular, although Japanese firms opposed such disclosures on the basis of preparation costs, the Japanese government had to modernize the disclosure system, including consolidation, in order to develop the securities market regardless of an individual company's interests.     

Moments of Compound Mixed Poisson Distributions

Recursive formulae are derived for the evaluation of the moments and the descending factorial moments about a point n of mixed Poisson and compound mixed Poisson distributions, in the case where the derivative of the logarithm of the mixing density can be written as a ratio of polynomials. As byproduct, we also obtain recursive formulae for the evaluation of the moments about the origin, central moments, descending and ascending factorial moments of these distributions. Examples are also presented for a number of mixing densities.     

The designing of corporate accounting law in Japan after the Second World War

After the Second World War, during the neutralization of the controlled economy of wartime Japan, a design for a Corporate Accounting Law was elaborated by the Investigation Committee on the Business Accounting System. The Investigation Committee tried to establish not only new business accounting standards but also a central and independent administrative organ of corporate accounting regulation on the basis of the Corporate Accounting Law. The Corporate Accounting Law was expected to lay the legal foundation of the new corporate accounting regulation regime in Japan. Nevertheless, even though the original design of the fundamental accounting law was never realized, it should be considered the starting point for our understanding of external accounting history in post-war Japan.     

The deliberation around accounting techniques: accounting for depreciation and foreign exchange in an Indian jute company, 1870-1900

This paper examines the way two accounting techniques, namely depreciation and foreign exchange, were deliberated on, between 1870 and 1900, in an Indian jute company whose shareholders resided in the UK. The arena for these deliberations was the conflictual relationship between controlling and non-controlling shareholders as to how best to account for depreciation and foreign exchange especially when the particular accountings affected distributional issues such as the dividend decision. The purpose of this paper is to analyse and explain the processes by which a company's accounting practices emerge and develop as a contest between different interests. Accounting framed the parameters of the deliberations and provided the language of power and dissent. The paper uses a rich archive that includes narrative and accounting material.     

Pricing Dynamic Insurance Risks Using the Principle of Equivalent Utility

We introduce an expected utility approach to price insurance risks in a dynamic financial market setting. The valuation method is based on comparing the maximal expected utility functions with and without incorporating the insurance product, as in the classical principle of equivalent utility. The pricing mechanism relies heavily on risk preferences and yields two reservation prices - one each for the underwriter and buyer of the contract. The framework is rather general and applies to a number of applications that we extensively analyze.     

Guidelines for Manuscripts Submitted to The China Journal of Accounting Research

正The China Journal of Accounting Research"CJAR"(ISSN 1755-3091)publishes quarterly.It contains peer-reviewed articles and commentaries on accounting,auditing and corporate governance issues that relate to the greater China region.We welcome the submission of both theoretical and empirical research papers pertinent to researchers,regulators and practitioners.Authors should note:1 Submissions must be original     

International harmonization of Japanese accounting standards

Historically, Japanese accounting standards have been quite distinct from International Accounting Standards (IASs) which have been perceived as being modelled on British-American accounting standards. However, in the 1990s, after the publication of E32 in 1989 and the IASC-IOSCO Agreement in 1995, the Business Accounting Deliberation Committee (BADC), the standards-setting body in Japan, has pursued a policy of harmonization with IASs. Accounting standards relating to consolidated financial statements of companies that make cross-border offerings of securities or operate worldwide are being revised drastically. This paper focuses on the development of international accounting harmonization and its impact on Japan.     

Commodity financialization and sector ETFs: Evidence from crude oil futures

We investigate the diversification benefits of energy assets in the setting of commodity financialization using data on crude oil futures and Sector ETFs (SPDRs). Correlations between commodities and financial assets increased during the post-Commodity Futures Modernization Act (CFMA)/commodity bull cycle period, resulting in lower benefits of diversification. However, we find that conditional correlations between crude oil futures and sector ETFs meaningfully increased only since the 2008–09 financial crisis. The results therefore suggest that the financial crisis, rather than CFMA regulation, explains changes in the diversification benefits of commodities. Moreover, we find that oil futures returns are less correlated with SPDRs than with the S&P index. Thus, energy futures, and crude oil in particular, offer the potential for diversification benefits in sector-style investing.     

Dutch accounting in Japan 1609-1850: isolation or observation?

The trading station or factory maintained by the Dutch East India Company (VOC) was Japan's sole window on the Western world during most of the Tokugawa period (1600-1868). While many aspects of the factory's role in Dutch/Japanese cultural exchange have been researched little is known in the West of the accounting at the factory. This paper considers the possibility that double-entry bookkeeping employed by the Dutch may have been diffused to the Japanese. The available evidence is synthesized after considering the accounting system in the Dutch factory.