Research Practice On Jingdong Baitiao Trust Asset-Backed Securities

In recent years,under the premise of the government's policy support and the rising income of residents,consumer finance has developed tremendously.Due to the small amount of consumer finance funds,short term and large demand,consumer finance has to maintain market expansion.Speed hopes to finance through asset securitization.It happens that the consumer finance industry needs the professional ability of the trust to operate asset securitization,and the trust industry is also eager for innovative business to compensate for the loss of the channel business after the introduction of the new regulations.As a result,the asset securitization of consumer financial trusts has sprung up.Health.Through the research and analysis of Jingdong Baitiao Trust Asset Securitization Products,this paper deeply explores its theoretical background,market status,operation mode,development status,etc.,and analyzes the advantages and disadvantages of the financing method of the consumer finance joint trust company's asset securitization method with special cases.Excavate practical measures that can be used for reference,and provide reference ideas for implementing corporate finance for consumer finance business.In addition,with the existing problems of ABN of the Jingdong White Bar Trust,it provides effective suggestions for the future development of consumer financial trust asset securitization,and contributes to the innovation and growth of asset securitization in the consumer finance joint trust company.The research ideas of this paper mainly follow the direction of "theoretical review-market status-basic project outline-project core analysis one-can learn from the main points-shortcomings-suggestions",and the focus of exploration includes: I.Review the theoretical basis of consumer financial trusts and asset securitization,summarize and analyze the current development of consumer finance and trusts in the market,covering its rising background,development status,typical asset securitization cases,and the current market environment.Second,the core analysis of the project aims to analyze the characteristics of its basic assets,transaction structure,cash flow distribution,yield status,credit enhancement,and SPV mode setting in the practice of Jingdong Baitiao Securitization Products.Third,through the known basic asset conditions and reasonable parameter settings,the project will be used to predict the cash flow of the project by Execel,further change the cash flow pressure of the relevant variables,and derive the cash flow status of the project and the income of the securities through quantitative model deduction.The degree of protection.Fourth,the analysis draws the highlights and shortcomings of the practical project,combines theoretical research and thematic project practice,explores the development direction of consumer finance and trust asset securitization,and provides suggestions for macro market and micro-product areas for the subsequent asset securitization expansion.