Title :
Research on the Loan-to-Value Ratio of CERs Financing
Author :
Zhang, Guoxing ; Liu, Peng ; Zhou, Jianpeng
Author_Institution :
Sch. of Manage., Lanzhou Univ., Lanzhou, China
Abstract :
This paper focuses on the loan-to-value ratio of CERs financing when enterprises have CERs in current or in future. And it comes to a conclusion that the bank has a right to choose to face the default risk or not by the loan-to-value ratio when the enterprise takes the current CERs to pledge. Finally, a model of the loan-to-value ratio in which the bank has downside risk is built and the ratio can be solved.
Keywords :
banking; credit transactions; CERs financing; bank; carbon finance business; certified emission reductions financing; default risk; downside risk; loan-to-value ratio; Joints; Optimization; CERs financing; the default risk; the loan-to-value ratio;
Conference_Titel :
Computational Sciences and Optimization (CSO), 2011 Fourth International Joint Conference on
Conference_Location :
Yunnan
Print_ISBN :
978-1-4244-9712-6
Electronic_ISBN :
978-0-7695-4335-2
DOI :
10.1109/CSO.2011.224
