Commercial Bank Asset Securitization Operation And Risk Control

Asset securitization is a process of pooling various categories of assets and creating securities that derive their value from the asset pool and income streams derived therefrom. Asset securitization is one of the most important and vigorous innovations on the financial market eversince 1930s. However, asset securitization is a financial innovative project with a complicated structure, with many parties involved, with rigid transactions, highly marketized and highly risky. As a result, together with the remarkable structural benefits it offers, it brings us various risks. We should make the best of the macroeconomic and microeconomic benefits brought by securitization on one hand and carefully plan the prevention of securitization risks on the other. At the same time, we should implement well-arranged supervision over it to enable it to better serve our economic development.1. Main contents and arguments of the dissertationThe dissertation consists of 4 chapters. Chapter One is an introduction to asset securitization, which involves the basics, the fundamental process and the macroeconomic effect of asset securitization. The focus of asset securitization lies in the separation and restructuring of the risks and gains in loans for more efficient valuation and reallotment with the purpose of benefiting all parties. Due to the difference in the underlying assets, asset securitization can be divided into Mortgage-Backed Securitization (MBS) and Asset-Backed Securitization (ABS). Based on the difference in the securities repayment structure, the securitization tools can be divided into pass-through securities, Mortgage-backed bonds and pay-through securities. The emergence of asset securitization has brought with it enormous economic benefits. It will lead to the optimization of financial structure, the construction of a...