The Research Of Risk In Securitization Of Credit Assets Among Commercial Banks In China

Credit assets securitization as a major form of asset securitization, while the development time is very short, but the scale and speed of development, and product innovation are extremely active, and play the significant role in fostering financial markets and promoting the financial system running well. Credit asset securitization has the characteristic of so much transactions subject, complex transactions structure, and complex interest relation, higher level of the market. Doomed in the process of credit assets securitization are easy to generate a large number of risks, In our country credit assets securitization is also in the experimental and exploratory stage. While it achieved some success, but credit assets securitization in our country, the underlying assets are mostly high-quality assets, the scale of the underlying assets and, financing, is very small. Under the promotion of regulatory agencies, lack of the necessary risks and challenges, comparison the open risk credit securitization is also has a large gap. Under the circumstances, the traditional banking business profit margins are constantly squeezed, and context of the global financial crisis, how to promote the profit margins of commercial banks, make the commercial banks to strengthen liquidity management and meet the capital adequacy requirements, make the credit assets securitization business and our commercial bank business to closely integrate effectively, And how to enhance the commercial banks in the process of credit asset securitization, strengthen the risk management and promote the control level, solve these problems has a large practical significance, for our national economy healthy development and strengthen capital market functions has the important reference.From the perspective of commercial banks, classification and of t detailed the credit assets securitization facing risks, including the underlying asset risk and the risk in the process of securitization.Risk of underlying assets include:credit risk and prepayment risk. Risk in the process of securitization include:transaction structure risk, legal risk, third-party risk. In addition to, the risk of credit assets securitization also including interest rate risk and liquidity risk. First of all, by the credit assets securitization risk theory introduction and description, for our country's commercial bank credit asset securitization risk management, to lay a solid theoretical foundation; Second, by this stage credit asset securitization facing risk and risk management methods introduced,through data collection, relevant examples demonstrate, in these filed such as legal, accounting, tax and so on, our commercial bank credit asset securitization has serious deficiencies and defect; brief description the difficulties of risk management of our national Commercial Bank and the credit assets securitization, by the risk asset pricing model introduction, analysis commercial banks in the process of credit assets securitization existing assessment of risk measures. Detailed description of the option adjusted spread model and the capital asset pricing model, and give relevant examples and formulas. Finally, face the risk of commercial bank credit asset securitization exposure to credit risk, prepayment risk, transaction structure risk, legal risk, third-party risk, interest rate risk, each of the risk were given corresponding countermeasures and suggestions. This article, combination of theory and practice, qualitative analysis and quantitative analysis, expect to obtain to Consistent with our national conditions credit risk management model of asset securitization.Our country's commercial bank credit asset securitization was started in 2005, lack of rich practical experience and adequate sample size, accurate and reliable data supporting, the securitization market is not perfect, as these factors, doomed of Commercial Bank Credit Securitization of the research must advance with the times, and have forward-looking and effective, hope this article on credit assets securitization of commercial bank risk management model is built to have some practical significance and role of reference.