The Credit Asset of Enterprise Accounts Receivable Pricing Model

Table 7

The main hedging parameters of subsystems.

Name	Subsystem	Basic point	Critical point	Control purpose
Delta	Buyer	Industry average and extreme value	Depending on the specific companies	Control default probability of buyers ()
Gamma	Buyer	Industry average and extreme value	Depending on the specific company	Control default loss rate of buyers ()
Theta	Seller	Industry average and extreme value	Depending on the specific company	Control the defaulted loss rate of sellers ()
Vega	Environment	Historical average and extreme value	Depending on the country, region and industry of the buyer	Default loss rate caused by the nonsystematic risk of controlled environment ()
Rho	Environment	Historical average and extreme value	Depending on the country, region and industry of the buyer	Positive impact and promotion of environmental optimization, impact and reduction of possible systemic risk ()