The Problem And Countermeasure Analysis In Development Of Securitization In Our Country

This article summarized the development condition of securitization in domestic and the overseas condition, the operation flow.The participation organization, proposed in the developing process existsthe insufficiency, as well as will need the key attention in the laterdeveloping process the aspect.. Pointed out in our country market already to succeed the releaseexample. Sums up experience, the absorption lesson, and put forward own proposal.The securitization will be refer to lack the immediatefluidity, but will have may anticipating future cash .Combine them and increase the credit level.Several key questions in securitizaion: Specific purpose organization,basic asset,real sale,the credit increases. But most essential causes is the establishment of special purpose organization . The specific purpose organization establishment mainly lies in protectsinvestor's benefit,and separation basic asset and initiator's risk.The operation of securitization is complex. The standard request is very high.there must be the appraisal organization participation. Attorney provides the legal opinion.Securitization rapid developd since the 20th century 50's. On December 15, 2005,the first security product in our country appears on the market.The advantages of the securitization is as follows: First, it can reduce the cost.Second,it can improvement enterprise structure.Third, it can expanded financing channel, increase financing scale.Fourth, the use of the fund is extremely widespread.Fifth,it can promotion enterprise's image.When you design the security products ,you should pay attention to account problem and the legal question.Accoding to these questions,several advise have been proposed.