A Study On The Special Purpose Vehicle In Assets Securitization

This text research legal issues of the purpose vehicle in assets securitization. It is divided into five chapters except that preface and conclude the speech.Chapter one of thesis, to the definition of the special purpose vehicle and legal characteristic of independence. The legal relations between the special purpose vehicle and other legal subject are also researched. We can understand the special purpose vehicle has preliminarily.The special purpose vehicle has many kinds of organizational forms as a legal entity. Chapter two of thesis, to such three kinds of organizational forms as the trust, company, forming a partnership limitedly, etc., describe on its characteristic, business scope, pluses and minuses, etc. separately.Specific purpose key value of organization lie in risk isolate, isolate namely securitization assets and primitive rights and interests people, debtor, other interests risk, relation of people. Chapter three carry on research about the isolate issues around risk, such as preventing the special purpose vehicle from bankrupt itself and from being amalgamated by his mother entity.The accounting of the special purpose vehicle and tax revenue question undoubtedly have very important function in the course of securitization of the whole assets. It can control the assets securitization cost in the key factor of the minimum level. Chapter four carry on research from accounting subject, accounting key element, accounting confirm and measure and tax revenue issues, etc.Chapter five of thesis proceeds from current laws and regulations of our country. It is analyzed that the company type organizational form is not suitable in our country at present. Special purpose trust is one realistic choice under in existence legal frame organizational form. This chapter has proposed the legal suggestion from such respects as security issue, raising, investor's protection, market circulation and tax revenue of the securities, etc.