Research On Credit Management Of Commercial Banks' Securitization In China

At the beginning of 90 s, China’s banking industry under the high non-performing loan ratio has long vexed. Earlier, the government set up four asset management companies to handle the state-owned Banks non-performing loans, with the implementation of the financial marketization of interest rate, however, only by asset management companies is obviously not bank on risk, effective way to improve asset adequacy. The implementation of the asset securitization, meet the needs of economic and financial development, and adopted in the United States and the witness, will be an important part of Chinese financial reform. Asset securitization as an innovative financial instruments, will assemble a pool of funds, illiquid asset of the enterprise to carry on the design to restructure, and packaged, the circulation of creditor’s rights into the market. This way, a certain extent, revitalize the funds for the enterprise, but can cause excessive use of the financial crisis. In 2007 by the U.S. subprime mortgage crisis caused by the global financial crisis is witnessed the potential risk of asset securitization. Every coin has two sides, and not because there is negative effect and not to use, can’t isolate. As long as we are in the process of asset securitization risks to forestall and effective risk management, and do it in advance, matter controls, to avoid further loss. You can use, so as to further perfect our country’s financial markets, for the economic transformation and industrial structure adjustment to provide strong support.Securitization of credit assets operation process is relatively complex, involving the interests of the subject is more, in the process of alternating complex securitisation, each link mix various latent risk, how to find the risk, and giving guidance, management and control is our research focus. Commercial bank credit assets securitization in the process of risk management is a research focus of this article, combining the theory of asset securitization and the practice exploration, summarized research results both at home and abroad, and transformed into the developing mode of our country, path and the risk management methods, qualitative analysis of the market risk, technology risk and environment risk operation, combination of qualitative and quantitative analysis of the research on credit risk, the systematic study on the risk management analysis.Article apply KMV model to detect bocom credit in 2014 the first phase of the expected default rates of credit asset backed securities, concluded from the analysis: the expected default probability is inversely proportional to the credit rating, the higher the expected default probability, credit rating is low, is not conducive to the issue of non-performing assets securitization products. Through actual cases, and the data structure of its transactions, credit risk, cash flow status, credit enhancement and credit rating has made the detailed analysis. Through the KMV model to calculate the alternating silver 2014 first phase of the credit default probability of asset-backed securities, and the expected default probability and the relationship between the credit rating, studies the credit asset securitization product smaller credit risk.