The Research Of Assets Off Of The Balance Sheet On Assets Securitization About Financial Leasing

The asset securitization statement refers to the transfer of the underlying assets to the SPV by the promoters of the asset securitization project,which terminates the recognition of the assets on individual or consolidated financial statements through “real sale” and “risk isolation”.For the financial leasing industry,which has long been subject to financing difficulties,it is of great practical demand and practical significance to revitalize existing assets,improve the capital adequacy ratio of promoters,and improve financial statements through the asset securitization financing.In February 2015,Far East Hongxin(Tianjin)Financial Leasing Co.,Ltd.issued the first real-listed project on the market – Nanyuan Qianyuan-Far East Hongxin(Tianjin)No.1 Asset Support Special Plan.As the originator of the industry,the project has great reference value for later cases.This article focuses on the case of "Southern Qianyuan-Far East Hongxin(Tianjin)No.1 Asset-backed Securities",combined with CAS 23 and CAS 33,related to the guidance of asset issuance,and carries out specific analysis on the process of termination confirmation,and concludes that asset securitization The general process and core principles in the table determination.Further analysis of the key points in the case project transaction structure design,explore the characteristics and rules of the financial leasing industry to achieve the asset securitization financing products,and then analyze the obstacles in China's current financial leasing asset securitization difficult to produce-the original The quality of the assets is not enough to meet the requirements of investors.Therefore,adding credit enhancement measures to reduce the risks in the design process leads to a decrease in the proportion of riskreward transfers,which cannot meet the conditions for accounting termination confirmation.Finally,it is more conducive to controlling the financing cost and strengthening the risk management by issuing a separate financial statement or a consolidated balance sheet.The innovation of this paper lies in the problem of the enterprise asset securitization of the current research results,using the method based on the case,combined with the relevant theories and accounting standards of asset securitization,trying to restore the principles and laws of the table judgment.In addition,by comparing with the similar assets securitization products in the same period,it is possible to explain the characteristics and laws of the entire financial leasing industry from point to point,from special to general,with great research value and practical needs.There are few relevant theories and research results in China.The exploration of this paper is strong,and the improvement of related research in the future needs to be supported by more mature theories and examples.