부산대학교 도서관

The "credit risk" is one of the most important risks that Chinese-banking and the whole financial industries are facing. The Chinese-banking industry has been managing the credit risk on negative lines for a long time due to the probabilistic skewness of credit risk, credit paradox and the lack of quantitative data.As a new approach of credit risk management, Credit Default Swap (CDS) can hold the ownership of the underlying assets and separate the credit risk from other risks to transfer to protection seller. This thesis carries out a systemic study on credit risk management of real estate loan of Chinese State-owned Commercial Banks by CDS: 1) This paper introduces the background of credit risk management of the Banks and reviews the research by others. It also points out the intrinsic problems in terms of credit risk management on the Banks; 2) This leads to discuss about CDS. The discussion includes the meaning, major functions and strategy how to deal with above-mentioned problems. It concludes CDS is the best way to manage the credit risk of real estate loan in Chinese State-owned Commercial Banks.