Parametrisierung des Kreditgeschäfts von Banken

Abstract

This thesis deals with the parameterization of the customer-credit business of banks. The little scientific research available on debit and credit models hence shows that this thesis investigates a largely unexplored area of studies. The most important reason for the current financial crisis – i.e. not to provide productive businesses with credits, but to multiply the number of poker tables at stock-exchange markets and even to invent new gambling products to infiltrate the global market with – still survives and continues to represent the most obstructive barrier for supplying businesses with fresh venture capital. The very problems evolving from the global financial crisis show that banks and other credit institutions have tremendously been neglecting their first and foremost responsibility, namely, to support the economy by providing credits. The banks’ credit products have scarcely changed throughout the last one-hundred years: Most credits – if they are available at all – are immediately paid out in full to the companies at unreduced interest rates, yet not in structured time intervals and according to the financial requirements of investments. Therefore, repayments are, after having been suspended for a while, still limited to three concepts that have been used for centuries: final maturity, annual repayment, or redemption by rates. While the development of credit products has been stagnating, progress in terms of information technology demonstrating the fastness of intellectual-property increase has accelerated terrifically. Computer technology as well as computer programs and applications are becoming more efficient as well as easier to understand and use. The more urgent is the development of software-based credit products that are flexibly adaptable to the needs of investors as well as the demand for well-educated banking economists who tailor their credits exactly to the specific financing needs of their credit applicants. Exactly that is the very objective this Abstract IV thesis pursues: Changing the rigid patterns of paying and repaying credits by introducing flexible credit products. The reasoning behind and the transition of the theoretical approaches outlined in this thesis into marketable credit products while, at the same time, pointing out the monetary and user values for the credit customer show that an increase of creditbusiness yields demands for a flexible credit design in order to bring about a higher quality of the banks’ market orientation.