Case Study Of ABS Of Q Company Accounts Receivable

As a basic industry supporting the development of our national economy,the construction industry has made important contributions in optimizing the living conditions of residents,promoting urban and rural construction,accelerating urbanization and alleviating social employment pressure.However,due to some notable characteristics of the construction industry,it is different from other industries in some aspects.For example,the construction period,the return period of the project and the construction progress are linked.Therefore,construction enterprises often have large amounts of accounts receivable,and the duration is long and the liquidity is poor.As one of the main financial innovations,asset securitization has experienced rapid and explosive growth since it first appeared in the United States in the 1970 s.Now,it has become the three major financing mode which is tied up with debt financing and equity financing.Asset securitization can effectively revitalize the accounts receivable of construction enterprises,improve the capital utilization rate and reduce the cost of financing.Firstly,the background,operation and effect of the asset securitization case are summarized in detail,which includes company introduction,case background,asset-backed securities structure,operation process and effect of asset securitization.Account securitization case analysis,from the case of the implementation of motivation,risk and effectiveness of a comprehensive evaluation.On this basis,this paper analyzes the security measures and possible problems that construction enterprises need to provide for the implementation of securitization,and puts forward corresponding suggestions accordingly.Finally,combined with the actual situation of China’s construction industry,as well as the reference of Q enterprise asset securitization,summed up the construction enterprises through the implementation of accounts receivable securitization to their own business development inspiration.Through the case study,it is concluded that the securitization of accounts receivable can effectively expand the financing channels of enterprises,supplement the available funds and improve the liquidity of enterprise assets.With the perfection of relevant laws and regulations on Asset Securitization in China and the enhancement of public investment awareness,asset securitization market has gradually entered a stage of explosive growth.It is foreseeable that the asset securitization market of construction enterprises will flourish.