On The Application Of Commercial Factoring Securitization

Commercial factoring company develop rapidly in recent years.However,the financing problem of Commercial factoring hammpered the development of commercial factoring company. Commercial factoring company has been trying to exploit new financing way, to achieve the goal of low cost financing. Published in 2015, "the moses factoring issue asset-backed special plan", is the first case that commercial factoring company using asset securitization financing method. Taking the first step as a commercial factoring asset securitization, this plan has a lot of merit of design, such as recycling purchase structure which solve the mismatch of factoring asset maturity and abs maturity.This abs prodouct also take enough internal and external credit addition.Based on asset securitization and the recent development of factoring business as the background,the writer introduced some basic elemnts of this product. Then,the writer analysis the financing effect of this plan by comparing this method to other methods. In addition, it analyzes in detail the plan of the trade structure, credit promotion measures, risk, and corresponding preventive measures and so on, summarizes some problems of the this plan.Finally aiming at the existing problem of the project, some Suggestions are given from the subsequent product improvement, such as: innovative design was adopted to realize assets table function, introducing collection factoring asset distribution, improve the liquidity, etc. On the basis of this the wirter puts forward some policy Suggestions, including: perfecting the assets from the accounting and legal provisions of the table, to boost asset securitization in the secondary market liquidity, promote the development of commercial factoring industry compliance.