Study On Commercial Factoring Companies Of Asset Securitization Financing

With the expansion of the pilot areas, commercial factoring companies in the past two years has been a rapid development, mainly manifested in two aspects, one is the number of commercial factoring companies appear blowout growth, the other is a commercial factoring business scale each year to double the rate of growth.In the fast development of commercial factoring industry, the problem of capital is increasingly becoming the bottleneck of restricting the development of the industry. At present, commercial factoring companies are generally faced with the problem of financing channel is not smooth, although the industry individual commercial factoring companies to explore diversified financing channels, but also face many problems, such as high interest rates, short term, slow approval and other issues.At present, the securities company or fund subsidiary company launched the establishment of enterprise asset securitization is in full swing, the law is increasingly perfect, the business scale of a substantial increase in the scope of basic assets also continue to innovate, which is a commercial factoring companies to carry out factoring asset securitization of financial resources to create a good environment. The first single asset securitization asset securitization products, which is a successful issue not only proved the feasibility of asset securitization, but also for other commercial factoring companies to carry out asset securitization attempt to provide a reference.Under this background, this paper selects the asset securitization financing way of commercial factoring companies as the research topic, which is intended to provide more reference for commercial factoring companies financing practice. Firstly, this paper gives a brief description of the current situation of the commercial factoring companies and enterprise asset securitization, and then analyzes the current financing mode of the commercial factoring companies, and points out the problems and shortcomings of the existing financing way, which concludes that the establishment of the issue, which is a new way of financing, which proves the feasibility and necessity of commercial factoring companies. After that, this paper discusses how to carry out the asset securitization, which is how to carry out the design of the securitization financing scheme. Then, the paper analyzes the case of the asset securitization in the first phase of the paper, and points out the innovation and the insufficiency. Finally, based on the above analysis, this paper concludes that the asset securitization of credit asset securitization has a good fit with the characteristics of the industry, although there are some problems in the future.