Credit Card Securitization Transaction Structure And Risk Control

China's credit card industry is experiencing rapid growth,credit card volume growth generally slowed down,facing the saturation of the credit card market,banks need to expand their business,coupled with the need for profit,banks should seek outside the traditional financing channels of financing.Credit card asset securitization is based on credit card assets,which can solve the financing problem to some extent.At present,the traditional profit model of the domestic banking industry is facing more and more severe challenges.In the aspect of improving profitability and reducing the cost of capital,credit card asset securitization products provide a good option.But we should also see that credit assets securitization may encounter some problems and difficulties,after all,in the Chinese market is not mature,so,credit asset securitization products launched in China,need to conform to the situation of our country.Credit asset securitization is the asset backed securities products in one,is to credit card receivables as the basic assets of securities issued by the issuing bank is holding cannot be realized at any time and illiquid credit card receivables,re segmentation and combination for the big asset pool,then transfer to a special purpose entity,and then by the special purpose vehicle in order to stabilize the asset pool funds as collateral to issue asset-backed securities,in order to advance the recovery of accounts receivable to strengthen a technology and process flow of the.Its essence is the principal,interest,service charges,fees,and other businesses rebates for the future is predictable and stable cash flow,to improve the liquidity of bank card funds.This paper will analyze the current situation and structure of credit card asset securitization at home and abroad.It also analyzes the prospect and development direction of the domestic credit card asset securitization in the next stage,and puts forward some suggestions,hoping to provide some ideas for the design and issuance of domestic credit card asset securitization.This paper will be divided into six parts.The first part describes the background and significance,research methods and ideas adopted.The second part introduces the current situation of China's domestic credit asset securitization,credit asset securitization has experienced 30 years of development in foreign countries,has accumulated a lot of experience and lessons in the development of China is slow,there is no real sense of credit asset securitization products,but some banks have at the beginning of attempt,and has achieved certain results.The third part introduces the credit card asset securitization transaction structure,including the introduction of the main body of the securitization,the structural characteristics of the analysis,the design of the transaction structure and credit rating.The fourth part lists the cases of credit card securitization at home and abroad,and summarizes the experience and inspiration to us.The fifth part analyzes the main risks of credit card asset securitization and puts forward the corresponding risk control measures.The sixth part is the summary of this paper.