Research On Pricing Of Asset-Backed Security For ZYXY Personal Consumption Loan

In recent years,the development of asset securitization has maintained a rapid growth model in China.There are many emerging financial sub-industries,including capital type,between capital type,service type and service type.The individual as a consumer finance industry is as a type of capital,in the next five years to ten years will maintain good long speed,personal consumption financial securitization on the one hand,investors can improve the control force of its own assets,on the other hand also can provide sufficient funds for the issuer,as an intermediary role,can better realize the allocation of resources.For now,our pricing of asset securitization has some research,but for specific consumer finance sector personal consumption financial asset-backed securities pricing,basic didn't involve in the actual real case,the application of financial institution of asset-backed securities pricing is very rough,not a mature model.Therefore,in this article,we will set the research object as personal consumption financial asset backed securities,mainly is the study of personal consumption financial asset-backed securities pricing,to win in the new easy credit as a case to analyze consumer ABS pricing ideas.This paper choose to win in the new personal consumption loan ABS as a case,analyzes the new easy win in the difference between the loan pricing model the problems and reasons,in order to pricing of ABS for ZYXY personal consumption loan,this paper adopts the static cash flow discount method and the monte carlo simulation method compare two kinds of pricing model,obtained under two kinds of model of the theory of assets prices,and win new and easy to borrow the issuance of the comparative analysis,it is concluded that a more reasonable pricing models is the monte carlo simulation model.Finally,put forward in order to better to pricing of ABS for ZYXY personal consumption loan,should improve the environment of the BOC consumer finance companies,and strict in winning new easy credit assets,the basis of optimization distribution pricing aspects of improvement.