In The Process Of Asset Securitization Special Purpose Entities And Accounting-related Issues Research

Asset-Banked Securities(ABS) is a great potentiality in international capital market .As an innovative means of financing ,it has been one of the most dazzling stars in the financial market since the 70's.With the development of financial innovation technology ,the form how asset-banked securities to combine with derivation financial tool is more and more complicated ,it has become one of the hallmarks for evaluating the level of a financial market by designing the transaction structure ingeniously ,to transfer the poor liquidity current assets to good securities ,and then improve the structure of assets and liabilities .The emergence of asset-banked securities have had a tremendous impact on traditional financial accounting ,forcing people to re-consider the basic concepts of financial accounting ,to confirm the accounting and accounting measurement and the means of disclosure accounting information and so on asset-banked securities transaction structure is one of the typical ways to adopt the special purpose entities, and the aim of its design is not one-sided to meet the requirements of a particular purpose, but the results of integrated design from accounting, legal and so on, among them ,accounting is recorded and reflected, the law is restricted and protected. And securitization assets are often financial assets, so from the perspective of the accounting treatment , the following financial assets transformation are as a sale or financing problem ,whether the special purpose entities to create "bankruptcy-remote" are in the merger scope of the sponsors and the investment of remaining interests, as well as the issue of accounting statements disclosure. the author thinks that the research results taking form in the practice of foreign country is worthy for us to draw lessons, but these study achievement exists a few problem needing a further exploration and studies in theory and practice , so we should give sufficient consideration when working out the assets relevance accountant norm for asset-banked securities in our country. If the initiator handles basis finance assets make over as going bail for a financing, basis finance assets make over can only report as funded debt on balance sheet , but great majority condition puts in assets the asset-banked securities structuring original intention is by structuring the purpose "going bankrupt putting the form outside financing and risk isolation under isolated reach " but , sell only problem that can involve in combining range to if SPV bring into to the initiator handling time only when the assignor acts as the basis finance assets column. Therefore, the main body of this paper study the standard problem for finance assets make over by discussing a accounting problem about asset-banked securities peculiar purpose entity.This paper is composed of five parts. The first is the introduction, which introduces the background and significance of topic ,and introduce the definiens of asset-banked securities and the development of asset-banked securities at home and abroad, and the studies of asset-banked securities, to point out that the study of the accounting for asset-banked securities and special purpose entities is a relatively unfamiliar topic in china ,which has not form a fairly complete theoretical system, and then describes the research methodology and the innovation of this paper .The second part is about the operation procedures and operation principle and operation context of the SPV .In the third part, based on the confirmation and accountant and accounting treatment of subject assets transfer ,to introduce the initial confirmation issues for in Sponsor's basic financial assets ,and forward up the corresponding recommendations for the assets transfer issues of the sponsor .Part four is based on analyzing the basic issues for the special purpose entity ,to determine whether SPV should be included in the scope of the merger ,and anlayze who will provides the financial support and who will bears the risks and benefits of SPV .The fifth part describes the basic law environment issues of the SPV .The last part is the conclusion ,which points out the shortcomings of this paper.