The Analysis Of Asset Securitization Trust

Asset Securitization, a typical structured finance, is the most significant financial innovation in the financial areas of the world in the past 30 years. Asset securitization is a forward subject of contemporary financial theory and practice. Asset Securitization Trust, which is the correspondence of asset securitization and financial trust, is the typical model widely being used in international asset securitization market. And it is also the financial model which asset securitization uses to meet its own needs. In the end of 2005, bank credit asset securitization pilot in China officially launched after nearly 10 years of theoretical study and legislative preparations. Asset securitization trust begins to practice and gradually mature in China.The paper tries to make a comprehensive and deep analysis on the theoretical level and the actual operation of the asset securitization trust. Firstly, the paper studies on the theory of asset securitization trust related to the development of research and the detailed analysis of patterns. Then the paper analyzes the fiduciary pattern of asset securities in China and compares the domestic and foreign assets securitization trust. The asset securitization trust practice in China is studied deeply through a case study. The paper studies the beneficial impact on the market and financial institutions of the asset securitization trust at present. The paper points out the obstacles and difficulties in the practice of the asset securitization trust. In the end, the paper proposes the countermeasures and forecasts the future development.Using the way of categorization, reasoning and interpretation, the paper, through the study on the characteristics of the trust system, analyzes the asset securitization trust practice on the basis of the combination of theory and practice.The assets securitization trust have been developing nearly three years in China. Although the work improves relevant legislation and the financial market gradually, there are still several obstacles and interference factors. Therefore, the article focuses on this analysis and puts forward its own proposals.