A Case Analysis On The Risk Control Of Small Loan Asset Securitization Of The Ant Micro Loan

Ant Micro Loan is a small credit company of Alibaba Group, its main business is to provide financial services to Taobao, Tmall and Ali platform. January 2015, Ant micro loan and CICC issued the CICC — Ant micro loan loans for small loans to support the securities, which is the first single small loan asset securitization after the reform of the securities registration system. However, with the expansion of the size of the underlying asset pool, the risk control system of the micro loan risk control system in the small loan securitization began to expose.In this paper, the research object is Ant Micro Loan's small credit asset securitization business, and analyzed the risk control situation of the Ant Micro Loan. First of all,the risk control mode of small loan securitization of Ant Micro Loan is analyzed.Then, from the overall rate of adverse asset pool based, single loan risk control, the safety degree of the priority and subprime three aspects analyze the risk control effect of the micro loan asset securitization. Again, using the analytic hierarchy process to determine the weights of the risk factors of the Ant Micro Loan's small loan asset securitization. Finally, the problem of the risk control of Ant Micro Loan is revealed,and the reasons of the problem are analyzed. In the last chapter, the paper puts forward some suggestions for improving the risk control of small loan asset securitization of Ant Micro Loan, and the prospect of the securitization of small loan asset securitization is discussed.