The Study Of The Development Problems Of Consumer Finance Asset Securitization

In recent years,with the rapid development of consumer finance industry,consumer financial assets become more ideal based asset of securitization.Consumer foundation of financial asset securitization products because the consumption of financial assets has the characteristics of small and scattered in a few short years,has become the an indispensable part of asset securitization market in China.However,with the rapid development of consumer financial assets securitization,some problems are also increasingly exposed.At present,the existing in the development of consumer financial asset securitization system is not perfect,imperfect regulatory deficiency,lack of information disclosure,evaluation system and poor liquidity problem increasingly exposed.Therefore,to explore an effective financial asset securitization development plan for the future consumption the healthy development of the financial asset securitization is of great practical significance.Ant Financial Services Group take its consumer loan product " Ant check later installment" cooperate with Tebon securities,relying on its electric business platform Ant check later financial assets securitization,draining is occupied a large amount of credit funds,is helpful to solve the problem of illiquid financial assets and has reference significance to the development of the Internet consumer finance industry.This article is based on " Tebon-Ant check later installment asset-backed special plan" as an example of case analysis,the selected cases in the consumer financial asset securitization market has certain representativeness.Through to the domestic and foreign research results from the different aspect of the asset securitization carding can find the development of asset securitization and its deficiency in theoretical research at home and abroad.This paper also to the development of consumer financial assets securitization,the present situation,trend and the original rights and interests of the project general situation,the structure of the underlying assets,trading,product elements,such as product distribution situation for in-depth study,analysis the project plans to carry out the internal and external factors,the credit enhancement measures,plans,innovative,unique advantages of the monk to save some of the problems and risks.This special plan in the risk control,capital arrangement and earnings,cash flow forecast,cost and the original rights and interests of people operating conditions there is a certain advantage,but on the basis of the project assets,asset pool,rating,and there are a lot of problems after the securities issue.Finally,through this case study analysis some revelation to the development of consumer financial asset securitization industry,in case of advantages,problems and the current situation of the development of consumer financial asset securitization is proposed through improve the market-maker mechanism,strengthen information disclosure,and encourage investors to participate in the way of asset securitization market in order to solve the problem of insufficient consumer liquidity of financial assets securitization,also put forward to perfect relevant laws and regulations,establishing perfect credit system,strengthening basic asset quality.