Case Study On Securitization Of Trust Beneficiary Right Assets Of Company A

With the continuous development of China's economy,domestic demand for financial product innovation is gradually increasing.At the same time,under the new regulations of asset management,it can be seen that the policy has increased the control of systemic risk.how to make enterprises obtain low-cost and flexible financing within the prescribed scope has become a huge problem at native land and abroad.The rapid development of asset securitization in China has brought new opportunities for corporate finance.There are many kinds of asset securitization products,and the quality of the underlying assets is at different level.This also leads to difficulties in supervision and chaos in the industry.Therefore,this paper starts from the case to deeply study the advantages of a trust beneficiary asset securitization and the future development space in this kind of asset securitization.This article selects the A company's trust beneficiary asset securitization project as a case,using case study method combined with ABS theory and its specific actual situation,multi-angle analysis of trust beneficiary asset support special plan: The effect analysis on the core links of the construction of the pool assets and the management of funds,the arrangement of the increase,and the bankruptcy isolation mechanism;Analyze the advantages and disadvantages of this project from product characteristics,structural design,and credit enhancements.Combined with the above analysis: For the issuer,it is recommended to rationally arrange and apply credit enhancement,expand and improve the quality and types of basic assets,and develop new financing entities.For the regulators,it is recommended to improve the relevant legal system,flexible supervision,improve the credit rating system,and cultivate high-quality basic assets.