A Case Study On The Securitization Of Ant Check Later

China is in the period of high-speed Internet development,and People's Daily consumption is gradually relying on the Internet.Online shopping transaction finance and other businesses gradually started to promote the rapid expansion and development of domestic Internet consumer financial market.Internet consumer finance enterprises have great advantages in recording user consumption habits and personal credit.Compared with domestic commercial Banks and other financial institutions,such enterprises are easier to carry out microcredit business with customers.However,there are some operational problems in Internet consumer finance enterprises,such as no low-cost financing channels.Under such circumstances,asset securitization can be used to expand financing channels and bring low cost capital to Internet consumer finance enterprises.The case studied in this paper is the largest asset securitization case in the domestic Internet consumer finance sector,namely the special program of the consumer loan asset supported by de bang hua bei,which was established in July 2016.At the same time in this paper,based on the relevant theory of asset securitization,through the case description,the special plan from the core part,the special plan of risk disclosure and preventive measures of the case analysis,analyze the case problems,so as to provide experience for subsequent Internet consumer financial asset securitization.This article includes the following four parts:The first part is the introduction.This section introduces the research background and significance,research content and method,the concept of financial asset securitization and the Internet is defined,after a brief review of the asset securitization research status at home and abroad and related theory,finally puts forward the innovation points in this paper.The second part is the current analysis.This part analyzes the situation of the securitization of Internet consumer financial assets from the current situation of consumer financial market and the current situation of securitization of Internet consumption financial assets.Then I elaborated on the specific plan related party,the asset-backed securities situation and the special plan trading structure.The third part is the case introduction analysis.On the basis of case description,this section analyzes the asset pool distribution characteristics,special plan reference measures,the structure of the underlying asset circulation transactions,SPT and storage type way of trading,and risk and preventive measures.in the end I put forward the existing problems and reasons.The fourth part is conclusion and suggestion.This part summarizes the thesis.From several angles,I put forward the countermeasures and Suggestions to promote the rapid development of the securitization of Internet consumer financial assets: first,improve the legal system and strengthen the industry autonomy.Second,enhance credit rating ability and strengthen the supervision of rating agencies.Thirdly,the structure of asset pool circulation trading is established.Fourth,use big data to carry out credit risk management and introduce market business system to improve liquidity.