东北证券公司信用交易业务风险控制研究

发布时间：2018-04-18 08:31

本文选题：证券公司 + 信用交易风险　；参考：《吉林大学》2014年硕士论文

【摘要】：在证券行业不断创新的今天，信用交易业务的推出极大的加快了我国证券行业金融创新的步伐，使我国证券行业走向成熟又迈进了坚实的一步。信用交易业务的推出，对于投资者将产生极其深远的影响，扩大了投资者投资交易的方式，改变了证券公司的盈利模式，增加了证券公司的盈利能力。信用交易业务的开展有利于为投资者提供多种辅助交易手段和驾驭风险手段；有利于提升投资者的资金使用效率；有利于证券内在价格的实现。信用交易业务同时为证券公司与投资者融资成功率的提高、刺激成交活跃；有利于促使证券公司增加一种新的盈利模式、提高投资者对证券供求需求的放大；有利于证券公司的相关产品的推出和客户服务创新推动并且使证券市场的总体交易规模和证券流动性逐步扩大。东北证券股份有限公司于2012年6月获得信用交易业务试点转常规后第一批开展信用交易业务资格，开业两年多以来，业务发展势头良好，业务规模获得较快增长。东北证券股份有限公司于2013年7月分别取得深交所、上交所股票质押式回购业务资格并开展了首单交易。东北证券股份有限公司取得了深圳证券交易所于2014年2月2日开展约定购回式证券交易权限，于2013年2月28日取得上海证券交易所同意开展约定购回式证券交易的权限。本文再对东北证券股份有限公司的信用交易业务开展的情况和风险控制进行分析各个方面的情况下，利用风险管理理论，来分析东北证券股份有限公司信用交易业务开展过程中各个环节的困难和机遇，梳理东北证券股份有限公司信用交易业务中的各个流程环节并提出合理改进方案进行，解决策略及建议的提出，对于东北证券股份有限公司的可持续发展具有一定的借鉴意义。本文以国内外信用交易业务发展中的历程为基础，进行深入研究和分析证券公司的信用交易业务风险控制，其中我国在证券信用交易风险控制上，，政策采取的是较为苛刻。结合东北证券股份有限公司的实际情况，涵盖目前信用交易业务开展过程中产生的各种问题，对存在其中各方面的证券公司信用交易业务发展的主要问题，重点提出解决方法，提出了合理化的进化提出的方案合规风险防范的意见，，信用交易业务的风险如何面对预防，建立一套完善的风险监控体系，为东北证券股份有限公司建立完备的风险监控体系，提供了相关的理论支持。信用交易的风险控制是否有效将是关系到信用交易业务正常进行的重要组成部分。根据风险点来分，信用交易在券商、标的证券、保证金、市场稳定性、债权保障等等任何一方面倘若控制的不当，都可能引起证券行业的变动，可能在短期内提高市场风险并起到“助涨助跌”的效果。随着我国证券市场的发展壮大，信用交易相关经验日益增加完善，相关的控制措施我们就可以逐步放松，使信用交易扩张资金得以发挥效率并发挥立竿见影的效果。
[Abstract]:Continuous innovation in the securities industry today launched credit trading business greatly accelerates the financial innovation of China's securities industry pace, China's securities industry matures and a solid step forward. Introduce the credit trading business, will have far-reaching impact on investors, expanding the investor trading mode change the securities company profit model, increase the profitability of securities companies.
Credit business is to provide a variety of auxiliary means of trading and risk control means for investors; conducive to enhancing investor funds use efficiency; is conducive to the realization of the internal price. Securities credit trading business for securities companies and investors to increase the success rate of stimulation, active; urge the securities companies to increase a new the profit model, improve investor to amplify the supply and demand for securities; securities companies to launch related products and customer service and innovation to promote the securities market overall transaction size and stock liquidity gradually expanded.
In June 2012, Northeast Securities Limited by Share Ltd to obtain conventional credit trading business after the first batch of pilot qualifications to carry out credit trading business, has opened more than two years of business, a good momentum of development, the scale of business increased rapidly. The Northeast Securities Limited by Share Ltd in July 2013 were made of Shenzhen, Shanghai Stock pledged repo business qualification and launched the first single northeast trade. Stock Limited by Share Ltd made the Shenzhen stock exchange in February 2, 2014 to carry out the type of securities repurchase agreement transaction authority, in February 28, 2013 the Shanghai stock exchange agreed to carry out the agreement to repurchase securities trading style permissions.
In this paper, the Northeast Securities Limited by Share Ltd credit business development and risk control of all aspects of the situation, using the risk management theory, to analyze the Northeast Securities Limited by Share Ltd credit trading business links in the process of the difficulties and opportunities, combing the various aspects of the process of Northeast Securities Limited by Share Ltd credit transactions and put forward reasonable solution to propose solutions and suggestions, has certain reference significance for the sustainable development of Northeast Securities Limited by Share Ltd.
In this paper, the domestic and foreign credit trading business in the development process as the basis of credit trading business risk control research and analysis of the securities company in China in the risk control of securities credit transactions, the policy adopted is relatively strict. Combined with the actual situation of Northeast Securities Limited by Share Ltd, covering a variety of problems in the course of the business of credit transactions the main problems of the development of credit trading business of securities companies in all aspects, put forward the basic solution, the paper puts forward reasonable evolutionary scheme compliance risk prevention advice, how to face the risk of credit transactions and prevention, establish a set of perfect risk control system, establish a complete risk control system the Northeast Securities Limited by Share Ltd, provides the relevant theoretical support.
The risk control of credit transaction effectiveness will be an important part in relation to the normal operation of the credit transaction. According to the risk points, credit transactions in securities, securities, bonds, market stability, debt guarantee and so on hand if any control improperly, may cause changes in the securities industry, may improve the market risk in the short term and to add fire effect. With the development of China's securities market, credit transaction experience increasingly perfect, the relevant control measures we can gradually relaxed, the credit expansion funds to play efficiency and play an immediate effect.

【学位授予单位】：吉林大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.39

【参考文献】