D Asset Management Company Of Non-performing Assets Securitization Research

Promoting Bad assets securitization as soon as possible is a kind of ways in solving practical problems and hidden trouble in future of asset management companies in our country. It is the concept of Bad assets securitization of asset management companies: the asset management companies sale the Bad assets, which come from the commercial banks lacking of fluidity but steady cash flows in the future to special institutes, which will deal the Bad assets with some structure arranging and credit increasing, and translate into circulating securities for selling to the securities investors. Company's Bad assets securitization is the most effective treatment way of Bad assets, it is propitious to deal with the Bad assets more quickly and improve the rate of cash callback of Bad assets. Financial asset management companies and state commercial bank had make use of multi ways, measures and tools to deal with Bad assets in the past.Bad assets securitization is not only an economic process, but also a complicated law process. It makes determinate law relations according to a series of contracts arrangements, confirms the rights and mortgages of numerous main bodies. The paper dwells on the concept, law main body, object and procedure of assets securitization, analyze the status quo and problem of Bad assets securitization of asset management companies and confirm the work goal Bad assets securitization. On the base of studying the mode of Bad assets securitization in developed countries and experiments of Performing assets securitization of commercial banks in our country, it makes use of thoughts of assets securitization, including to the basic elements of assets securitization and affiance, learns the separate mode of basic assets risks of assets securitization, packing technologies of cash flow, investment contracts support by special assets, PRI/hypo-class exchange credit increasing rank mode, and gains the treatment structure of Bad assets and effective precept of securitization in the mode of affiance delimitation.There are five chapters in the Paper. Chapter 1 is the introduction, including the topic selection background and the overview of domestic and foreign research and practice. Chapter 2 mainly gives introduction to related theories in asset securitization, it first surveys the general situation and systems for business structure of Bad assets. Chapter 3 analyze the problems in the process of Bad assets securitization, such as quality of basic assets, creasing rank of credit. Chapter 4 bring forward framework of Bad assets securitization and design plan of the credit rating system for Bad assets securitization in China. Chapter 5, summary and prospect is given.