Research On The Operation And Management Of Asset Securitization Products Of Fund Subsidiary A Company

Asset securitization is one of the most important financial innovations around the world in the twentieth Century,asset securitization has developed rapidly in the United States,Europe and other countries.But Chinese began to pilot the development of asset securitization business from 2005,slow development which is still in the initial stage,the regulatory authorities in order to promote the development of asset securitization business,continue to publish asset securitization policies and regulations,reflecting the regulators pay more attention to the development of asset securitization business to reflect the regulatory importance of financial asset securitization.I believe that in the near future,China's asset securitization business will develop better and better.In 2014 November,the Commission issued the "securities companies and fund management subsidiary asset securitization business management regulations" provisions,The fund subsidiary belongs to the asset securitization business scope,the enterprise asset securitization products full implementation of post filing system,clear requirements for the implementation of negative list management of assets,asset securitization business development opportunities ushered in the new fund subsidiary.The fund subsidiary asset securitization business is still in the initial stage,the slow development of business,product design type is not much,the number and size of the products are small,the fund subsidiary asset securitization business are far behind the foreign mature market of asset securitization.Based on the definition of asset securitization,characteristics,transaction structure,credit enhancement theory and operation process are analyzed,an overview of the development of the United States,Europe and Asia Pacific asset securitization market analysis,especially the analysis of the development status Chinese asset securitization market,based on the case analysis of the fund subsidiary A corporate asset securitization products Y ABS are introduced,from product introduction and analysis,the main elements of the project product structure,credit enhancement and operation process,and finally analysis the existing A management problems and puts forward some suggestions.Realize the standardization,scale,standardized and efficient asset securitization business operations management,asset securitizationbusiness promote the rapid development of the company,professional management to help the company to strengthen the asset securitization business,strengthen financial innovation and risk prevention.To promote stronger asset securitization business of large gold companies,from the traditional channel business to active management business transformation has become a professional Asset Management Co.The main contents of this paper are as follows:The first part is the introduction,mainly on the research background and significance,literature review,research methods and thesis framework of asset securitization business development fund company background analysis,reviews the related research about asset securitization products in the domestic and international literature.The second part is the present situation summary of basic theory and development of asset securitization,the basic concepts involved in Securitization and the basic principle are clarified,focusing on the transaction structure,credit enhancement and operation process etc.,and analysis of domestic and international asset securitization market development.The third part is case analysis on the fund's subsidiary A company's asset securitization products Y ABS.According to the current situation of products analysis pointed out that the existence of the fund subsidiary company of A asset securitization products management problems and puts forward some suggestions,promote the A company to achieve standardization,scale,standardized and efficient asset securitization business operations management.The fourth part summarizes the asset securitization business of the fund subsidiary.