法律视角下的资产证券化

发布时间：2018-06-16 01:22

本文选题：资产证券化 + 信托　；参考：《苏州大学》2004年硕士论文

【摘要】：阐述了资产证券化的发展历史，资产证券化从美国起源逐步扩展到欧洲和亚洲，其法律制度发展也呈现出不同的特点。资产证券化建立一般包括：组建资产池、设立spv、进行资产转移、信用加强和评级、证券的定价与发行等步骤。这一过程所涉及的法律问题主要有：资产证券化中“资产”和“证券”的含义与“资产转移”的定性，spv的特殊性，中介机构的法律地位等。它的价值体现在多方面，，其核心价值有二：1、风险隔离功能；2、设计灵活并具有制度缺陷弥补功能。资产证券化中各方的法律关系有两种：合约关系和默示的信义关系。目前，我国资产证券化的主要障碍有法律障碍和非法律障碍，其法律障碍主要存在于《公司法》和《证券法》的规定中，但我国也存在资产证券化的有利条件，在这一情况下，我国资产证券化可采取两条途径；1、在现有法律环境下通过合理的安排，避开障碍实现突破；2、对现有法律进行修改或制定新法。
[Abstract]:The development history of asset securitization is expounded. The origin of asset securitization gradually extends from America to Europe and Asia, and its legal system also presents different characteristics. The establishment of asset securitization generally includes the establishment of asset pool, the establishment of SPV, the transfer of assets, the strengthening and rating of credit, the pricing and issuance of securities, and so on. The main legal problems involved in this process are: the meaning of "assets" and "securities" in asset securitization and the particularity of "asset transfer", the legal status of intermediary organizations, etc. Its core value is 2: 1, the risk isolation function is 2. 2, the design is flexible and it has the function of making up for the defects of the system. There are two kinds of legal relations in asset securitization: contractual relationship and implied fiduciary relationship. At present, the main obstacles to asset securitization in China are legal and non-legal obstacles, which mainly exist in the provisions of Company Law and Securities Law, but there are also favorable conditions for asset securitization in China. The asset securitization of our country can take two ways: 1. Under the existing legal environment, through reasonable arrangement, avoiding obstacles to achieve breakthrough, we can modify the existing laws or formulate new laws.
【学位授予单位】：苏州大学
【学位级别】：硕士
【学位授予年份】：2004
【分类号】：D912.29

【引证文献】