Titlebook: SME Funding; The Role of Shadow B Gianluca Oricchio,Andrea Crovetto,Stefano Fontana Book 2017 The Editor(s) (if applicable) and The Author(

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Introvert

Corporate and SME Credit Rating Models,the term structure of probability of default, the production of European transition matrices based on the different phases of the cycle itself, validation of internal credit rating models and the validation of the PD model. The chapter closes with a section on the performance assessment of PD and the backtesting related to the model.

含糊

SME Credit Rating Models: A New Approach,unting information and behavioral information. The related modeling incorporates the author’s 20-year experience in applied research and in modeling customer–bank relationships. This model gains leverage on data from the Italian CCR, which is strongly predictive of default events as explained in this chapter and in Sects. 4.6, 4.7, 4.8, and 4.9.

Deadpan

Alternative Funding Options: E-platforms,ighly effective alternative to traditional models in financial intermediation (a function historically performed by commercial and investment banks). E-platforms are part of the new industry known as FinTech. The chapter makes an in-depth examination of the interaction between alternative and traditional funding channels.

藐視

The Epic Case Study,sulting. Epic is Italy’s first FinTech platform where Italian SMEs can present their development projects to a selected audience of institutional investors (investment funds, family offices, banks, insurance companies, investment companies, pension funds) and private investors classified as qualified under MiFID.

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DAUNT

SMEs in Europe: An Overview,dded) and almost 70 % of the total workforce. Stefano Fontana describes the European SME landscape and also the new funding channels and actors that are rapidly entering the EU SME funding market: private loan and bond funds, selective and diversified funds (both equity and debt), and e-platforms.

跟隨

Corporate and SME Credit Rating Models,es on to present SME sub-segment models related to the probability of default (PD) encountered in corporate entities. Other topics considered include the term structure of probability of default, the production of European transition matrices based on the different phases of the cycle itself, valida

調(diào)味品

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Restarting the Credit Engine in Europe, proposed and taken. These measures include direct lending, guarantee schemes, credit insurance equity finance, funding escalators, crowdfunding, peer-to-peer lending, prime collateralized securities, and so on.