{"id":3354,"date":"2026-08-26T07:09:25","date_gmt":"2026-08-26T07:09:25","guid":{"rendered":"https:\/\/www.tejwin.com\/en\/product-services\/uncategorized\/\/"},"modified":"2026-09-21T03:28:19","modified_gmt":"2026-09-21T03:28:19","slug":"credit-risk-market-model-crmm","status":"publish","type":"product","link":"https:\/\/www.tejwin.com\/en\/product-services\/credit-risk-solution\/credit-risk-market-model-crmm\/","title":{"rendered":"Credit Risk Market Model (CRMM)"},"content":{"rendered":"<h2 class=\"wp-block-heading\">\u2728TEJ CRMM Highlights<\/h2>\n<ul class=\"wp-block-list\">\n<li><strong><mark class=\"has-inline-color\">92%<\/mark><mark class=\"has-inline-color has-vivid-cyan-blue-color\">\u00a0<\/mark><\/strong>High ability to distinguish (ROC)<\/li>\n<li><mark class=\"has-inline-color\"><strong>ALL Real-time<\/strong>\u00a0<\/mark>monitoring of risk on trading days<\/li>\n<li><strong><mark class=\"has-inline-color\">BEST\u00a0<\/mark><\/strong>Ability to predict differences<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\"><span id=\"%E2%94%83Key_Benefit\" class=\"ez-toc-section\"><\/span><strong><mark class=\"has-inline-color\">\u2503<\/mark><\/strong>Key Benefit<\/h3>\n<ul class=\"wp-block-list\">\n<li><strong><mark class=\"has-inline-color\">Monitoring\u00a0risks each day.\u00a0\u00a0<\/mark><\/strong><\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\"><span id=\"%E2%94%83Key_Advantages\" class=\"ez-toc-section\"><\/span><strong><mark class=\"has-inline-color\">\u2503<\/mark><\/strong>Key Advantages<\/h3>\n<ul class=\"wp-block-list\">\n<li>Tested and adjusted by TEJ, the model is suitable for the Taiwan stock market and with high validity.<\/li>\n<li>\u00a0Divided into<strong>\u00a09 credit ratings<\/strong>\u00a0that directly correspond to TCRI makes it easy to be interpreted.<\/li>\n<li><strong>\u00a0Combination with financial information\u00a0<\/strong>from the TEJ database increases the understandability.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\"><span id=\"%E2%94%83Key_Features\" class=\"ez-toc-section\"><\/span><strong><mark class=\"has-inline-color\">\u2503<\/mark><\/strong>Key Features<\/h3>\n<ul class=\"wp-block-list\">\n<li>Better warning ability in Taiwan\u00a0market\u00a0than other well-known models (e.g., Z-Score).<\/li>\n<li>Time-tested\u00a0theoretical foundation \u2013 Merton Model.<\/li>\n<li>Uses of stock price and\u00a0contents such as\u00a0forward-looking expectations.<\/li>\n<li>Daily monitoring of risks\u00a0which avoids limitations of the window period of financial statements.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\"><span id=\"CRMM_Modeling_Procedure\" class=\"ez-toc-section\"><\/span>CRMM\u00a0Modeling Procedure<\/h2>\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/CRMM-1.jpg\" alt=\"CRMM\" \/><\/figure>\n<div class=\"wp-block-spacer\" aria-hidden=\"true\"><\/div>\n<h3 class=\"wp-block-heading\"><span id=\"Excellent_Prediction_and_Discriminatory_Power\" class=\"ez-toc-section\"><\/span>Excellent Prediction and Discriminatory Power<\/h3>\n<p class=\"wp-block-paragraph\">The shorter the final level of the TMR model, the stronger the ability to correctly identify high-risk companies. In addition, using the CRMM model, regardless of the level of indicators in the short, medium, and long-term, the predictive discriminatory ability is much higher than that of the well-known foreign structural model by about 13%.<\/p>\n<h3 class=\"wp-block-heading\"><span id=\"Industry_Relative_Risk\" class=\"ez-toc-section\"><\/span>Industry Relative Risk<\/h3>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/CRMM-2.jpg\" alt=\"CRMM\" \/><\/figure>\n<h3 class=\"wp-block-heading\"><span id=\"Group_Risk_Monitoring\" class=\"ez-toc-section\"><\/span>Group Risk Monitoring<\/h3>\n<p class=\"wp-block-paragraph\">Monitoring\u00a0CRMM information on affiliated enterprises of a group\u00a0and\u00a0the latest changes in credit risk of each group.<\/p>\n<figure class=\"wp-block-table caption-align-center\">\n<table>\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/N2jtfAdsSsmcNfwNCLLR7xLfNNJ78wvn7cSZ7wjW.png\" \/><\/td>\n<td>Major Alerts<\/td>\n<td>CRMM Information (DD, TCRITM, TMR, Rating Adjustments), Market Trading Information, Significant Transaction Alerts, Risk Levels<\/td>\n<\/tr>\n<tr>\n<td><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/riufQWrUZjudtfzbPlbEgv7YUHCfuQXTnrSvOhfD.png\" width=\"42\" height=\"42\" \/><\/td>\n<td>Stock Price Alerts<\/td>\n<td>Capital Flow Information, Unusual Activity Alerts<\/td>\n<\/tr>\n<tr>\n<td><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/osj12jFgpLydGqM2BzPNySiRxgEbR4chL3WA0Ll8.png\" width=\"43\" height=\"41\" \/><\/td>\n<td>Financial Alerts<\/td>\n<td>Growth, Safety, Operational Efficiency Information, and Severe Deterioration Alerts<\/td>\n<\/tr>\n<tr>\n<td><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/yWHKsaiyMpeKBmXoBWP9iFIqA3wQUGjOgJkQNCpg.png\" width=\"44\" height=\"43\" \/><\/td>\n<td>Board of Directors and Supervisors Alerts<\/td>\n<td>Changes and Deterioration in Directors\u2019 and Supervisors\u2019 Shareholding and Pledging<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption class=\"wp-element-caption\">Alerts Categories<a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.tejwin.com\/en\/contact\/\"><strong>Contact us and get the Model to support you Monitor Real-time Market Credit Risk<\/strong>!<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>\u2728TEJ CRMM Highlights 92%\u00a0High ability to distinguish (R [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","tags":[155,162],"product_category":[4],"class_list":["post-3354","product","type-product","status-publish","hentry","tag-credit-risk-solution","tag-crmm","product_category-credit-risk-solution"],"acf":{"p_introduction":"<h2 class=\"wp-block-heading\">\u2728TEJ CRMM Highlights<\/h2>\r\n<ul class=\"wp-block-list\">\r\n \t<li><strong><mark class=\"has-inline-color\">92%<\/mark><mark class=\"has-inline-color has-vivid-cyan-blue-color\">\u00a0<\/mark><\/strong>High ability to distinguish (ROC)<\/li>\r\n \t<li><mark class=\"has-inline-color\"><strong>ALL Real-time<\/strong>\u00a0<\/mark>monitoring of risk on trading days<\/li>\r\n \t<li><strong><mark class=\"has-inline-color\">BEST\u00a0<\/mark><\/strong>Ability to predict differences<\/li>\r\n<\/ul>\r\n<h3 class=\"wp-block-heading\"><span id=\"%E2%94%83Key_Benefit\" class=\"ez-toc-section\"><\/span><strong><mark class=\"has-inline-color\">\u2503<\/mark><\/strong>Key Benefit<\/h3>\r\n<ul class=\"wp-block-list\">\r\n \t<li><strong><mark class=\"has-inline-color\">Monitoring\u00a0risks each day.\u00a0\u00a0<\/mark><\/strong><\/li>\r\n<\/ul>\r\n<h3 class=\"wp-block-heading\"><span id=\"%E2%94%83Key_Advantages\" class=\"ez-toc-section\"><\/span><strong><mark class=\"has-inline-color\">\u2503<\/mark><\/strong>Key Advantages<\/h3>\r\n<ul class=\"wp-block-list\">\r\n \t<li>Tested and adjusted by TEJ, the model is suitable for the Taiwan stock market and with high validity.<\/li>\r\n \t<li>\u00a0Divided into<strong>\u00a09 credit ratings<\/strong>\u00a0that directly correspond to TCRI makes it easy to be interpreted.<\/li>\r\n \t<li><strong>\u00a0Combination with financial information\u00a0<\/strong>from the TEJ database increases the understandability.<\/li>\r\n<\/ul>\r\n<h3 class=\"wp-block-heading\"><span id=\"%E2%94%83Key_Features\" class=\"ez-toc-section\"><\/span><strong><mark class=\"has-inline-color\">\u2503<\/mark><\/strong>Key Features<\/h3>\r\n<ul class=\"wp-block-list\">\r\n \t<li>Better warning ability in Taiwan\u00a0market\u00a0than other well-known models (e.g., Z-Score).<\/li>\r\n \t<li>Time-tested\u00a0theoretical foundation \u2013 Merton Model.<\/li>\r\n \t<li>Uses of stock price and\u00a0contents such as\u00a0forward-looking expectations.<\/li>\r\n \t<li>Daily monitoring of risks\u00a0which avoids limitations of the window period of financial statements.<\/li>\r\n<\/ul>\r\n<h2 class=\"wp-block-heading\"><span id=\"CRMM_Modeling_Procedure\" class=\"ez-toc-section\"><\/span>CRMM\u00a0Modeling Procedure<\/h2>\r\n<figure class=\"wp-block-image is-resized\"><img src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/CRMM-1.jpg\" alt=\"CRMM\" \/><\/figure>\r\n<div class=\"wp-block-spacer\" aria-hidden=\"true\"><\/div>\r\n<h3 class=\"wp-block-heading\"><span id=\"Excellent_Prediction_and_Discriminatory_Power\" class=\"ez-toc-section\"><\/span>Excellent Prediction and Discriminatory Power<\/h3>\r\n<p class=\"wp-block-paragraph\">The shorter the final level of the TMR model, the stronger the ability to correctly identify high-risk companies. In addition, using the CRMM model, regardless of the level of indicators in the short, medium, and long-term, the predictive discriminatory ability is much higher than that of the well-known foreign structural model by about 13%.<\/p>\r\n\r\n<h3 class=\"wp-block-heading\"><span id=\"Industry_Relative_Risk\" class=\"ez-toc-section\"><\/span>Industry Relative Risk<\/h3>\r\n<figure class=\"wp-block-image\"><img src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/CRMM-2.jpg\" alt=\"CRMM\" \/><\/figure>\r\n<h3 class=\"wp-block-heading\"><span id=\"Group_Risk_Monitoring\" class=\"ez-toc-section\"><\/span>Group Risk Monitoring<\/h3>\r\n<p class=\"wp-block-paragraph\">Monitoring\u00a0CRMM information on affiliated enterprises of a group\u00a0and\u00a0the latest changes in credit risk of each group.<\/p>\r\n\r\n<figure class=\"wp-block-table caption-align-center\">\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td><img src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/N2jtfAdsSsmcNfwNCLLR7xLfNNJ78wvn7cSZ7wjW.png\" \/><\/td>\r\n<td>Major Alerts<\/td>\r\n<td>CRMM Information (DD, TCRITM, TMR, Rating Adjustments), Market Trading Information, Significant Transaction Alerts, Risk Levels<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><img src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/riufQWrUZjudtfzbPlbEgv7YUHCfuQXTnrSvOhfD.png\" width=\"42\" height=\"42\" \/><\/td>\r\n<td>Stock Price Alerts<\/td>\r\n<td>Capital Flow Information, Unusual Activity Alerts<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><img src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/osj12jFgpLydGqM2BzPNySiRxgEbR4chL3WA0Ll8.png\" width=\"43\" height=\"41\" \/><\/td>\r\n<td>Financial Alerts<\/td>\r\n<td>Growth, Safety, Operational Efficiency Information, and Severe Deterioration Alerts<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><img src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/yWHKsaiyMpeKBmXoBWP9iFIqA3wQUGjOgJkQNCpg.png\" width=\"44\" height=\"43\" \/><\/td>\r\n<td>Board of Directors and Supervisors Alerts<\/td>\r\n<td>Changes and Deterioration in Directors\u2019 and Supervisors\u2019 Shareholding and Pledging<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<figcaption class=\"wp-element-caption\">Alerts Categories<a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.tejwin.com\/en\/contact\/\"><strong>Contact us and get the Model to support you Monitor Real-time Market Credit Risk<\/strong>!<\/a><\/figcaption><\/figure>","card_icon":"","card_summary":"","key_data_metrics":null,"data_information":"TEJ CRMM utilizes the Merton Model and daily market data to deliver real-time credit risk monitoring, mapping 9 risk tiers directly to TCRI for effective default prediction.","delivery_methods":null,"doc_file":"","related_products":"","related_more_text":"View all","related_more_url":"\/en\/product-services\/"},"_links":{"self":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/product\/3354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/types\/product"}],"wp:attachment":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media?parent=3354"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/tags?post=3354"},{"taxonomy":"product_category","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/product_category?post=3354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}