信用卡资产证券化交易结构及其风险控制

发布时间：2018-06-03 10:06

本文选题：信用卡 + 资产证券化　；参考：《华侨大学》2017年硕士论文

【摘要】：我国的信用卡行业在经历了快速成长之后,信用卡发卡量增速普遍放缓,面对走向饱和的信用卡市场,各家银行需要拓展业务,加上出于盈利的需要,银行要寻找传统融资渠道之外的融资方式。信用卡资产证券化是以信用卡资产为基础资产发行的产品,可以从一定程度上解决银行的融资问题。目前国内银行业传统的盈利模式正受到越来越严峻的挑战,在提高盈利能力和降低资金成本方面,信用卡资产证券化产品提供了一个不错的选项。但是也应该看到,信用卡资产证券化的开展可能会遇到一些问题和困难,毕竟在中国市场还不成熟,所以,信用卡资产证券化产品在我国的推出,需要符合我国的国情。信用卡资产证券化是一种资产支持证券类的金融产品,它以信用卡的应收账款为基础,将那些不能及时变现以及流动性比较低的应收账款进行分割、转移,然后以一些特殊的经济结构为载体,以他们的资金作为信用担保来进行的,加强资金债券流动性的一种手段或者过程。其目的性在于利用一些可以利用的资金条件来加强银行资金的流动性。本文将从研究国内外信用卡资产证券化的现状、结构入手,分析其在中国的发展所面临的风险和挑战。并且分析下一阶段国内信用卡资产证券化的前景和未来市场发展方向,提出一些有益于解决问题的思路,并以此为例为国内信用卡资产证券化现阶段所面临的一系列问题提供相应的解决方案。本文将分为六个方面对上述观点进行逐一的论述。第一部分介绍了本文开展研究的背景与意义、论文所遵循的研究思路和所采用的研究方法。第二部分介绍了我国国内信用卡资产证券化的现状,信用卡资产证券化在国外经历了30多年的发展,积累了大量的经验和教训,在中国的发展却很缓慢,目前国内还没有真正意义上的信用卡资产证券化产品,但部分银行已经在开始尝试,并已取得一定的成绩。第三部分介绍了信用卡资产证券化交易结构,包括证券化的参与主体介绍、结构特点分析、交易结构设计以及信用评级等。第四部分列举了国内外信用卡资产证券化的案例并进行分析,从中总结出经验和给我们的启示。第五部分分析了信用卡资产证券化的主要风险并提出相应的风险控制措施。第六部分对本论文进行总结。
[Abstract]:After the rapid growth of the credit card industry in China, the growth rate of credit card issuance has generally slowed down. In the face of the saturated credit card market, banks need to expand their business, in addition to the need for profit. Banks should look for financing methods other than traditional financing channels. Credit card asset securitization is a product based on credit card assets, which can solve the financing problem of banks to some extent. At present, the traditional profit model of domestic banking is facing more and more serious challenges. Credit card asset-backed securitization products provide a good option in improving profitability and reducing the cost of capital. However, we should also see that the development of credit card asset securitization may meet some problems and difficulties, after all, in the Chinese market is not mature, so the introduction of credit card asset securitization products in China, need to meet the national conditions of our country. Credit card asset securitization is a kind of financial product of asset-backed securities. It is based on the accounts receivable of credit card and divides and transfers those accounts receivable which can not be realized in time and is less liquid. Then take some special economic structure as the carrier, take their funds as the credit guarantee to carry on, strengthens the fund bond liquidity one kind of method or the process. Its purpose is to use some available funds to strengthen the liquidity of bank funds. In this paper, the present situation and structure of credit card asset securitization at home and abroad are studied, and the risks and challenges faced by the development of credit card securitization in China are analyzed. And it also analyzes the prospect of domestic credit card asset securitization in the next stage and the direction of future market development, and puts forward some useful ideas to solve the problem. And take this as an example for domestic credit card asset securitization at present to face a series of problems to provide the corresponding solution. This paper will be divided into six aspects of the above point of view one by one. The first part introduces the background and significance of this study, the research ideas followed and the research methods adopted. The second part introduces the present situation of credit card asset securitization in China. The credit card asset securitization has experienced more than 30 years of development abroad, accumulated a lot of experience and lessons, but the development in China is very slow. At present, there is no real credit card asset securitization products in China, but some banks have begun to try, and have made some achievements. The third part introduces the transaction structure of credit card asset securitization, including the main body of securitization, structural characteristics analysis, transaction structure design and credit rating. The fourth part enumerates the domestic and foreign credit card asset securitization cases and carries on the analysis, from which summarizes the experience and gives us the enlightenment. The fifth part analyzes the main risks of credit card asset securitization and puts forward the corresponding risk control measures. The sixth part summarizes this paper.
【学位授予单位】：华侨大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51

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