信贷资产证券化产品设计研究及应用举例

发布时间：2018-03-06 03:12

本文选题：信贷资产证券化　切入点：产品设计　出处：《暨南大学》2012年硕士论文　论文类型：学位论文

【摘要】：我国“十二五”规划纲要中已明确提出要“稳步推进资产证券化”，本文认为通过发展我国特色的信贷资产证券化业务，可以缓解我国银行业金融创新长期滞后于经济发展的局面。本文首先从理论层面分析信贷资产证券化的基本概念、分类标准以及相关深层原理等，，并对我国信贷资产证券化的现状进行分析。通过分析我国信贷资产证券化试运行过程中的实际情况，本文指出我国发展信贷资产证券化所出现的一些问题，如定价机制有待完善、流动性不足、配套法规制度仍需完善等。其次，本文从实际操作层面，运用信贷资产证券化的基本理论，设计出一款信贷资产支持证券，展现了一整套产品设计的流程，即：1、确定交易结构；2、组建“资产池”；3、现金流分析；4、产品分层设计；5、产品定价；6、运用模型检测；7、收益分析及分配方案。通过具体的产品设计，本文对以后资产证券化的继续试点或正式运行提供借鉴意义，并且提供一定的技术支持。同时，本文所设计的产品，适用于我国现在的实际环境，通过产品设计将关于“资产证券化”的讨论以“面”细化到“点”，落到实处。
[Abstract]:In the outline of the 12th Five-Year Plan of our country, it has been clearly proposed that we should "steadily promote asset securitization". This paper holds that through the development of credit asset securitization business with Chinese characteristics, Can alleviate our banking financial innovation long-term lag behind the economic development of the situation. This paper first analyzes the basic concepts, classification criteria and related deep principles of credit asset securitization from a theoretical perspective. By analyzing the actual situation in the trial operation of credit asset securitization in China, this paper points out some problems in the development of credit asset securitization in China. Such as pricing mechanism to be improved, lack of liquidity, supporting laws and regulations still need to be improved. Secondly, this paper designs a credit asset-backed securities by using the basic theory of credit asset securitization, which shows a whole set of product design process. That is: 1, determine the structure of the transaction, set up "asset pool" 3, cash flow analysis 4, product layering design 5, product pricing 6, use model test 7, income analysis and distribution scheme. Through the concrete product design, this article provides the reference significance for the future asset securitization to continue to pilot or the official operation, and provides certain technical support. At the same time, the product designed in this paper is suitable for the actual environment of our country. The discussion of "asset securitization" is refined to "point" by product design.
【学位授予单位】：暨南大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.51

【参考文献】