Research On Credit Enhancement Mode Of Bad Credit Assets Securitization In Commercial Banks

As one of the important basic principles and key links in asset securitization,credit enhancement plays an important role in the process of disposing of bad credit assets.Asset securitization is the main means for countries to dispose of non-performing loans in batches.Reasonable and scientific credit enhancement measures can allow nonperforming asset-backed securities to be issued to obtain good credit ratings,while also protecting the rights of investors and issuers.Therefore,studying the credit enhancement method is of great significance for the efficient disposal of nonperforming loans.This paper focuses on the problems and corresponding countermeasures in the process of credit enhancement in the process of domestic bad credit asset securitization.On the basis of the consolidation of non-performing asset securitization and credit enhancement theory,the credit enhancement method is analyzed from the aspects of subdivision type,cost and asset use efficiency,and the 67 single product credit enhancement method issued in the past three years is carried out.Sorted out.After that,the specific three single products were selected for case analysis,and the main problems existing in the domestic credit enhancement mode were summarized.Based on the foreign advanced experience,the corresponding suggestions were put forward.Through the analysis of the domestic credit enhancement methods of products issued between 2016 and 2018,it is found that the domestic credit enhancement of credit card securitization is relatively simple,and most of them are based on the priority/sub-structure of internal credit enhancement.It can be seen from the case analysis that the current tiered design of non-performing asset-backed securities is unreasonable,the effect of credit enhancement is overlapping,and the cost of credit enhancement is too high.Summarizing the practical experience of the United States and South Korea,we can see that a sound legal system has an important significance in the initial stage of developing bad credit asset securitization.Finally,in response to the analysis of the problems,we propose ways to innovate and increase credit,cultivate qualified external guarantee institutions,and improve relevant laws and regulations.