| Asset securitization generally refers to a lack of liquidity but can produce steady cash flow of assets, through some structural arrangements for the benefits and risks of separation and restructuring of assets, making it capable of a financing transaction on the market circulation of securities products the way. For the banks, asset securitization can not only reduce the cost of financing it can optimize the management of the balance sheet, dispersing credit risk, so there is a very strong practical significance. In the entire process of asset securitization, the most critical part is separate the originator of the financial risk from the underlying asset, make the cash flow generated by the underlying assets belong to investors. This process is called "bankruptcy remote."Writing paper is divided into five parts, the first part is make a presentation of the asset securitization model and theoretical framework of bankruptcy remoteness on the whole, so that readers will recognize the bankruptcy risk of Asset securitization transaction mode and the process of securitization;the second part is analyze the "bankruptcy remote " of the US asset securitization, so that readers can understand the solution to the problem of developed countries; the third part focuses on the analysis of institutional provisions of two types asset securitization "bankruptcy remote", supplemented by actual cases.so that readers can understand the present stage is how to solve the "bankruptcy remote" problem.The fourth part is based on the second and third chapters,by comparing the different provisions of the Sino-US system to find defects "bankruptcy remote" in our country; the fifth part is given the appropriate solution of the defect, in order to can perfect the relevant system. |
