The Research On The A Commercial Bank Non-performing Asset Securitization

The successful experience of securitization of non-performing assets at home and abroad show that non-performing assets securitization can improve the efficiency of disposal of non-performing assets of our country, improve the commercial bank risk management level.Chinese commercial Banks, therefore, it is imperative to adopt the way of securitization revitalize the bad assets. Content of non-performing asset securitization scheme design of the construction of asset pool, the establishment of SPV, credit enhancement and ratings and securities sales, etc. the three links of non-performing asset securitization is very important to develop smoothly, how to do the first three links of specific design, make it meet the requirements of non-performing assets securitization, as A key technical difficulties of securitization of non-performing assets of the business smoothly.In this paper, used summarizing the literature review, case analysis and comparison research method. First, the operation of comprehensive collection of non-performing assets securitization theory and operation process, lays the foundation for the follow-up design. Second, Summarized two non-performing assets securitization successful experience of the RTC and KAMCO, the non-performing assets securitization enlightenment for China's national conditions is obtained; Again, A detailed analysis on the cause of A commercial bank non-performing assets, as well as the necessity and feasibility of securitization, the analysis results show that A commercial Banks have to carry out the condition of bad asset securitization; Then A commercial Banks non-performing assets securitization for the specific project has designed, modified KMV portfolio management model, to take advantage of the asset pool of assets restructuring, it is concluded that the expected return certain cases risk minimum combination of assets, demonstrates the single trust mode than double trust mode is more suitable for our country the establishment of SPV, using excess mortgage means the credit enhancement of asset pool; Finally, the paper analyzes the obstacles in the process of securitization, concrete suggestions are put forward. In this r. the scheme of design to the improvement of A commercial bank non-pertorming assets ratio nave important guiding sig(?)cance. At the same time, for other non-performing assets of commercial Banks to provide the reference on the solution of the problem also.