Study On The Accounting Problems About Credit Assets Securitization Of Commercial Banks

The first assets securitization transaction in the financial markets occurred in 1970, which was the Mortgage-Backed Securities-- Mortgage Pass Through,which was issued by Government National Mortgage Association in the USA. Since then, assets securitization has become widely used as a tool of financial innovation.The pilots of assets securitization began in 2005. In recent years, assets securitization has become the first choice to improve the capital structure and optimize liquidity in commercial banks,because it has the ability to transfer the risk of credit assets securitization, and its maneuverability can solve the matching problem of commercial banks’capital period.Basing on the case of 2012 CDB Kai Yuan credit assets securitization as an example, I analyze its transaction motive, transaction process, accounting recognition,accounting measurement and disclosure practices,which give concrete expression of the current accounting process of credit assets securitization. I also give some suggestions on accounting treatment, including that accounting standards of credit assets securitization should be more specific; putting forward some measures to set how to conduct accounting measurements,when the fair value cannot be obtained;giving further research on the forms of special purpose entities, and regulating the content and standards of disclosure;and strengthening information disclosure.This paper has six parts in total. First, the introduction which tells the main context and the researching background, the meaning of the thesis and the domestic and abroad situation of the current research; Second, the theoretical system of the securitization of credit assets, including related concepts and basic theories; Third,the present situation of credit assets securitization in our country proposing main problems existing in accounting, and analyzing the rooting causes; Fourth, the paper expounds relevant authoritative opinions abroad, and sums up some worthy experiences and enlightenments on securitization of credit assets accounting in our country. Fifth, in the case of 2012 the CDB Kai Yuan credit assets securitization. introducing and analyzing the contents of accounting and information disclosure; Finally, putting forward some countermeasures to make our country’s credit assets securitization accounting treatment better.