A银行内部资金转移定价管理研究
摘要
随着利率市场化改革的持续深入，我国利率市场化水平不断提升，各商业银行
的资产负债规模稳步增长。与此同时，商业银行通过优化资产负债管理来提升竞争
力，以应对不断加剧的竞争。内部资金转移定价这种可以将银行资产负债逐笔逐项
定价的方式逐渐走上前台，成为银行内部精细化管理的重要工具。
内部资金转移定价管理的诞生和发展是商业银行经营管理水平和竞争力提升的
一个重要过程，是伴随着利率市场化、金融脱媒、商业银行竞争加剧而出现的一种
精细化管理手段，是商业银行精细化管理的一个重要组成部分。内部资金转移定价
最为直接的作用就是通过金额、币种、期限、计结息、浮动方式等相互对应的资金
转移过程，分离业务经营中的利率风险，将业务部门的利率风险集中到资金中心统
一管理。
本文通过整理国内外内部资金转移定价管理的文献资料后发现，随着内部资金
转移定价相关理论的完善和发展，国内的大型商业银行都已经采用了内部资金转移
定价管理模式，而中小型商业银行由于受到管理层不重视、专业人员稀缺、信息科
技水平不足等原因的影响，仅有不到一半的中小银行采用了内部资金转移定价管理
模式。正是因为以上原因，本文通过分析研究 A银行现有的内部资金管理模式和内
部资金转移定价应用情况，提出了构建 A银行内部资金转移定价基准曲线的方法，
并结合 A银行自身业务的需要完善点差设置，对其可能存在的不足之处提出相应的
对策，以期能对其他未建立内部资金转移定价的中小银行提供一定的借鉴和参考。
关键词：商业银行资产负债管理内部资金转移定价利率市场化
I

STUDY ON INTERNAL FUNDS TRANSFER
PRICING MANAGEMENT OF A BANK
ABSTRACT
With the continuous deepening of interest rate marketization reform, the level of
interest rate marketization in China has been increasingly improved, and the asset liability
scale of commercial banks has increased steadily. At the same time, commercial banks
improve their competitiveness by optimizing asset liability management to cope with the
increasing competition. Internal fund transfer pricing, which can price bank assets and
liabilities on an individual basis, has gradually come to the front stage and become an
important tool for internal refined management of banks.
The birth and development of internal fund transfer pricing management is an
important process of improving the management level and competitiveness of commercial
banks. It is a kind of refined management means with interest rate liberalization, financial
disintermediation and intensified competition of commercial banks, as well as an
important part of refined management of commercial banks. Through the corresponding
capital transfer process such as amount, currency, term, interest settlement and floating
mode, the most direct function of internal fund transfer pricing, is to separate the interest
rate risk in business operation and centralize the interest rate risk of business departments
to the capital center for unified management.
Through reviewing the literature of internal funds transfer pricing management home
and abroad, the thesis found that internal funds transfer pricing management mode has
been adopted by large domestic commercial banks with the improvement and
development of internal funds transfer pricing related theory. Nevertheless, due to factors
like the overlook from senior management, shortage of professionals, low level of
information and technology, only less than half of small and medium-sized banks adopted
the internal transfer pricing model. Because of the above reasons, through analyzing the
II

existing internal capital management mode and internal capital transfer pricing
application of bank A , the thesis comes up with an proposal to build internal capital
transfer pricing benchmark curve of bank A, and put forward the corresponding
countermeasures to the possible disadvantages, combining with its own business need to
perfect rate difference spread of bank A, in order to provide some reference for other
small and medium-sized banks that have not established internal fund transfer pricing.
KEY WORDS: Commercial banks； Asset liability management; Internal fund
transfer pricing； Interest rate liberalization；
III
。。。以下略