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Microflnance provides financial services to low income or poor credit record clients. The 'credit crunch' has led to mainstream lenders tightening their lending policies, resulting in increased financial exclusion. Loan sharks then become an alternative and easy way of borrowing money. However, extremely high interest rates from loan sharks put low income people into worse poverty. Sub-prime lenders...
In trade credit, supplier allows retailer delay payment with some interest rate. For retailers have private information, supplier should provide different contracts to retailers with respect totheir type. We analysis the trade credit contract under the condition that the supplier can observe imprecise signal of the retailers' type, and give the contracts which the supplier should provide.
With the rapid development of credit card business in recent years, there emerges credit card fraud. The growing popularity of e-commerce with third-party payment gradually as leading electronic payment means make credit card cashing based on third-party payment become a main form of credit card fraud. The paper makes an overall description of the credit card cashing. Based on the financing channel...
In this article, the interest rate and non-interest cost are brought into an analytical framework to model a synthetic credit rationing model, under market conditions of a formal finance and an informal finance sector. The research context concerns credit rationing towards agricultural economic organizations in China. Our research indicates that, in order to reduce the loan risk, the formal finance...
The article deduced the closed form solution of credit default swap's at-market rate by assuming that interest rate r and default intensity lambda are the affine jump-diffusions process, and intensities are independent (risk-neutrally) of interest rates. Then the article studied how the coefficients of random process and the maturity of the contract influence the price. Later, with the initial conditions...
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