Research On Asset Securitization In Internet Consumer Finance

With the advancement of science and technology,online consumer loans have flourished,and China has formed a large amount of personal consumer loan receivables.More and more Internet financial platforms have chosen to securitize accounts receivable to obtain liquidity.Internet finance companies have innate advantages in developing consumer financial asset securitization projects,including defined consumption scenarios and the support of big data.With the development of Internet technology,the development of personal finance loan business of Internet finance companies has extended from the purchase of credit services to the provision of credit consumer loans.The registered capital of Internet finance companies is generally low.Whether funds can be timely integrated into funds and ensure the smooth issuance of consumer loans will determine whether Internet finance companies can develop in the long run.In view of the necessity of the Internet platform personal consumption loan asset securitization business,researching successful distribution experience is of great significance to other Internet consumer finance companies.For this reason,this study selects the Special Plan of ZhongTengXin Salary Loan Support Asset for in-depth analysis.This study will start with the special project case analysis,combined with case analysis method,comparative analysis method,model analysis method and other research methods,and carefully analyze the basic asset pricing,credit enhancement measures and related risks of the special plan,so as to summarize Out of the successful issuance experience and shortcomings of the project,the proposed proposals include increasing the registered capital,developing the financing of PRE-ABS,establishing an excess spread reserve account,and providing the supervision layer with a system to promote the credit information system.Suggestions such as strict control of leverage and overall supervision.