| Summary: | 碩士 === 輔仁大學 === 金融研究所 === 91 === In recent years, as demand of domestic financial commodities diversification increases and opening of new businesses permitted by government authority aggressively, domestic securities companies not only provide more diversified service but also widen layers of customers. Securities companies play more and more important roles in capital market. Government fastens financial freedom to motive new financial products, therefore, securities companies surely undertake much more risk than before. That means, the more diversified business is, the higher risk we have to take. Therefore, how to set up mechanism of risk controlling will be an important benchmark to evaluate securities companies success or failure.
Currently, the credit risk controlling mechanism of domestic securities companies’ hasn’t been so obviously mature as that of market risk, the same as other financial institutions, which already established thoroughly. Relative rating information provided by external credit rating institutions seems deficient, which results in the weak ability to evaluate the risk of trading partners. Therefore, securities companies ought to establish an efficient credit risk controlling mechanism with discretion in order to lower credit risk which possibly encountered.
This essay establishes an internal credit rating standard suitable for securities companies, which refers to loaning evaluation adapting by financial institutions and credit risk evaluating models engaged widely in the market. I hope the study will be a great favor for any securities company when trading with partners.
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