Design Of The Dual-SPV Mode Of The Assets Securitization For YC Financial Leasing Company

After thirty years of development, the scale of China’s financial leasing industry growing influence has become increasingly prominent. However, compared with developed countries, China’s financial leasing industry is still in its infancy, funding constraints are an important reason for the constraints of financial leasing industry healthy development. YC Financial Leasing Co., Ltd. is a joint venture financial leasing, Ltd., has developed rapidly since its establishment in early 2012, but the lack of funds is to carry out their business more and more restrictions, as a typical representative of the many difficulties in financing leasing companies. The lease asset securitization debt funding is a financial leasing company to break the financial constraints faced by the practical approach.This paper focuses on the leased asset securitization financing mode research. Firstly, from the finance lease on the basis of the concept of asset securitization start, mainly for financial leasing, asset securitization, financial leasing asset securitization basic concepts focus comb. Then, the paper introduces the basic situation, sources of funding and financing difficulties YC Financial Leasing Co., Ltd., combined with financing lease asset securitization demonstrates the feasibility of the advantages of YC Companies leased asset securitization. Then, the paper introduces the "Far East first phase plan" in the background, analysis and evaluation of its financing model. Finally, the "Far East first phase plan" provides a guideline for reference, designed leased asset securitization SPV dual mode, the YC Financial Leasing Co., expanding financing channels.This paper argues that the lease asset securitization as a complement to traditional financing channels, has a lot of advantages. It can broaden the financing channels for enterprises, reduce financing rates to optimize the capital structure of enterprises and to improve the company’s cash flow. Dual lease asset securitization SPV model has many advantages in reducing processing time, reduce financing risks. Although China’s leasing asset securitization is still in the early exploration stage, in many ways, there may be many problems, but by learning the advanced experience of foreign countries and summary to reflect the lease asset securitization practice, the leasing asset securitization will gradually develop into a the new financing channels for enterprises to provide long-term, low-cost, stable cash flow.