| With the rapid development of China's economy,banks are the most closely linked institutions with the country's economic development.The momentum of development should naturally not be underestimated.With the rapid development of banks,the assets of banks have become larger and larger.At the same time,banks' balance sheets have also become bloated.The large-scale and bloated assets have become bank bad debts due to various reasons,and the balance sheet cannot meet the supervisory authority's supervision requirements for banks.Therefore,a large amount of bad debts in the balance sheet need to be removed from the balance sheet.In 2017,the scale of China's asset securitization was as high as 1.52 trillion yuan,an increase of 67.95% over the previous year.Among them,the issuance of credit assets securitization amounted to 5,972.23 billion yuan,an increase of 52.80% over the previous year,accounting for 42.16% of the total issuance size.Credit asset securitization is increasingly becoming an important means for commercial banks to resolve bad assets.It can not only reduce bad assets of banks,but also increase the liquidity and loan-to-deposit ratio of commercial banks.This article takes the second year 2017 non-performing asset-backed securities as an example to analyze the characteristics of its basic assets,including asset pool,loan distribution,distribution of borrowers,distribution of collaterals,distribution of loan types,and analysis of credit enhancements.The cash flow distribution before and after the event of default and the comparison of the research object with other non-performing asset securitization products resulted in the conclusion of the credit asset securitization product.The case products of this article have selected good participating institutions,reduced the risk of pooling assets,adopted internal and external credit enhancement mechanisms,and have a perfect cash flow distribution mechanism.However,there are also deficiencies in asset securitization products.For example,a single issuance method and a long product cycle lead to increased risks.In view of the insufficiency of products,this article puts forward some suggestions,including: strengthening the risk management of non-performing asset securitization,strengthening product innovation,giving more preferential policy support,and strengthening the disclosure of information in the process of non-performing asset securitization. |
