Research On The Driver China Two Auto Loan Securitization Trust

As Economic development,our population has grown steadily for the demand for car consumption,its consumer credit operations are also facing extensive development space However,the development of motor finance firms is a source of higher financing for Development,which has been slow for the slow development The automobile Financial Corporation management approach,2008,was implemented,with the lack of stable fixed assets for companies,the lack of the production of the operations of the main operations and the competition in the same funding requirements,and the traditional financing modality had been used The 2015 central Bank and the Bank of banks have implemented filing and registration,enhancing efficiency in the efficiency of assets Securities,reducing scheduling time,contributing significantly to the development of the Asset Securities By the end of 2017,my country had issued 69 automotive loans Securities stock products,with a total of ?2,075.38 million.This paper analyses the case of the Driver China Two Auto-loan securitization trust.Based on analytical product transactions structures,the quality of assets,cash flow support,credit increases,further analysis of the three innovations used in the design of the detailed design of the transaction structure:Red-Black-pool,the post-discounted input,and the non-complete payment of the incomplete order.The twelve trustees and products reporting on the product are also used to analyses practical effectiveness in terms of cash flow recovery,transaction costs,credit support and duration of recycling.The following conclusions are drawn:the issuance of Driver China Two Auto-loan securitization trust will help the company realize its development strategy,enriching the financing channel and optimizing the capital structure;the quality of the pool assets is high,which satisfies the three characteristics of the portfolio theory,the borrower has a strong solvency,the cash flow is stable,and the mortgaged property is fast and the recovery rate is high.Five kinds of increasing measures of product use effectively slow down the borrower's credit risk,the confusing risk of the public finance and the financial risk of the related institutions,and further stabilize the cash flow;the foreclosure mechanism set up in cash flow payment can effectively protect the interests of the priority securities investors;The setting of its Red-Black-pool is slow to release the risk of the change of pool assets during the package period,and increase the utilization rate of the precipitation funds;the discount interest rate risk is reduced during the encapsulation period;the incomplete sequential payment mechanism reduces the total financing cost of China-dominated securities at two.The three innovations of the Driver China Two Auto-loan securitization trust of the three innovations have been instrumental in supporting the cash flow of cash flows,the control of financing costs,and provides the relevance of innovative ways of other products.At the same time,the use of the model of internationalization,including the use of the model of the reinforcement of the rescue,is a major research point in the use of the relevant information on the quality control of the assets,including the use of the addendum to the credit.