Case Study On Asset Securitization Of Jingdong Iou

In recent years,the Internet finance industry has developed rapidly.The Internet consumer finance industry,which combines consumer scenarios,has emerged in an emerging way.Its financial assets are characterized by small amount,dispersion,large quantity and stability.However,these financial assets account for an excessive proportion of the Internet consumer finance companies' own funds,hindering the development of their business,and there is a big gap between their financial assets and traditional financial assets,which brings great potential to the securitization of Internet consumer financial assets.Difficulties and challenges.While the Internet consumer financial asset securitization is booming,it also exposes many problems,which should be prevented and actively resolved.This is of great significance to the healthy development of Internet consumer financial assets.In 2015,JD.Assets securitization based on accounts receivable as a basis for assets,to a certain extent,solved the problem of poor liquidity and low utilization rate of Internet consumer financial assets,and has reference significance for the development of Internet consumer financial asset securitization.Jingdong Iou uses big data to conduct user credit scoring,maintains and operates dynamic base asset pools,and continuously improves risk control systems.Through an in-depth analysis of Jingdong Iou Asset Securitization,this paper takes a systematic summary and puts forward relevant suggestions.The full text is divided into four parts.The introduction part elaborates the research background and significance of this paper,the research summary at home and abroad,the methods and framework of this paper,and the possible innovations.The first chapter outlines the concept and characteristics of Internet consumer financial asset securitization,transaction structure and process,development overview,major risks and existing problems.The second chapter main content introduction the typical case of Internet consumer financial asset securitization.JD.com,including JD.com's business overview and special plan overview,including the fund pool situation,transaction structure,credit enhancement measures,market issuance and market of Jingdong Iou Asset Support Special Plan.Issue rate.The third chapter analyzes the case of Jingdong Iou in detail,andanalyzes the Jingdong business motivation,including providing new financing methods,reducing corporate financing costs,achieving integration of industry and finance,providing liquidity compensation mechanism and facilitating accounts receivable management.And analyze the basic assets of Jingdong Iou Asset Securitization,and analyze the dynamic base asset pool setting,recurring purchase,accounts receivable contract status,credit score and historical overdue situation,and analyze the interest rate trend and excess spread of Jingdong Iou ABS series products.The rate of return of Jingdong Iou ABS products reveals the main risks and problems faced by Jingdong Iou Asset Securitization.The fourth chapter is based on the analysis and thinking of Jingdong Iou case,summarizes it,and puts forward relevant suggestions to promote the healthy development of Internet consumer financial asset securitization.