The Theory Of Credit Loan Securitization And It's Application Study

The Asset Securitization, A behavior that converse the property which lack mobility but can produce stability cash and foresee flows of the income to the stock certificate which can sell and flowing. The stock certificate come from the object that can produce the income in future. In present stage in China, the loan property(ABS) Securitization have the economic foundation and social foundations to imply.This article come from the foundation theories of ASSET Securitization, to seek the introduction of a source with pure original to the characteristic and basic principles of ASSET Securitization, subdividing the type of it, introducing abroad implement experiences. ABS can make traditional of financial property have the certain liquidity, resolved the bank or other financing institutions of the marginal financing problem, can scatter management risk etc. In the capital market, each kind of participant forces also provide the important market foundation to ABS. In brief,ABS include following main steps:the recognize of asset;"true sale";The list price of the stock certificate property;the increase reputation of the property and the system support of the whole social economy environment(example: the establishment movement of the trade system,the valid operation of the central trusteeship organization,etc).these steps wreath buttons up mutually,each steps is very important.As a kind of lately financial tool,ABS has already proved to be a not"Zero game"in economics.it can promote the efficiency in the economy, providing the income for the related crowd, contracting or targetting the risk,the risks it face are: (1)Property risk;(2)The third participate risk;(3)Law risk;(4)The cash flows the risk. To identify and avoid of them need designers and participates use economic and management skills to solve.How to carry the ABS under the current Chinese economic environment? To try...