文档介绍：首都经济贸易大学
硕士学位论文
论我国商业银行信用衍生品业务的发展对策
姓名:段斌杰
申请学位级别:硕士
专业:金融学
指导教师:王苹
2011-03
提要
信用风险是银行业的主要风险,过去银行主要运用风险分散的手段来降低资产组
合的风险集中度,但由于各方面的限制,银行很难通过分散贷款来分散信用风险。
世纪年代新兴的金融产品—信用衍生品的出现使这个难题得到了部分解决,信用
衍生品作为一种市场化分散和转移信贷风险的有效工具,近年来在国际市场上得到了
快速发展,但在我国仍处于探索阶段。
本论论文旨在金融危机背景下,将信用衍生品这一新产品引入我国,在我国的金
融环境和商业银行条件进行了初步研究,继而探讨在我国商业银行发展的可能性,并
选择了信用衍生品中的信用违约互换对其应用进行了具体的研究。在内容上,本论文
首先介绍了发展信用衍生品的背景、研究的意义,然后对信用衍生品的概念、种类、
特点和功能等进行了具体介绍。第三章介绍了发展信用衍生品的重要性及在我国发展
的可行性有利条件,第四章阐述了我国商业银行信用衍生品发展现状和制约因素,第
五章介绍了国际信用衍生品的发展状况、其在次贷危机中的角色及对我国发展的一些
启示,第六章根据我国商业银行的实际情况,提出了我国商业银行发展信用衍生品的
对策,包括:战略步骤、参与主体、产品设计、商业银行自身建设、风险管理以及外
部环境建设等。最后对金融危机背景下在我国商业银行发展信用衍生品的可行性给出
了总结。

主题词:信用风险信用衍生品转移信贷风险金融危机信用违约互换
-I-
Credit risk is the main risk of the bank system. In the past, banks usually decrease
the centralized credit risk of assert portfolios through risk decentralization. Due to various
constraints, it is difficult for banks disperse the credit risk by separating the loan. The
appearance of Credit Derivatives in the 1990s partly solved this problem. The credit
derivatives market as a transfer of credit risk dispersion and effective tool in the
international market in recent years has been rapid development, but it still in the exploring
stage in China.
This paper is tried to bring this new product into our country, and analyze the Credit
Derivatives’ developing environment and conditions of mercial banks under the
Financial Crisis background. Later, the paper try to discuss the product develop possibility
in our country, what is more, this paper choose Credit Default Swap to make further
application research. In content, this essay first illustrated the background and the research
meaning of the Credit Derivatives, and then introduced the product concept, types,
characters and functions. The Chapter 3 introduces the importance and developing
possibilities of the Credit Derivatives in China; the Chapter 4 states the developing rea