Analysis On The Issues Of Financial Lease Asset Securitization Derecognition

As Chinese economy transitions from high-speed growth to high-quality development,how the financial industry can prevent and resolve stock risks and better serve the real economy has become a common problem for the government and financial institutions.Financial leasing enterprises,as the financial institutions that actively participate in the national financial service entity strategy,play an important role in the current financial reform and innovation.How financial leasing enterprises optimize resource allocation,efficiently use of assets,and innovative financial instruments are of great significance to the long-term development of the financial leasing industry and the financial demerit to reality,and to help Chinese economic transformation.As the first echelon of Chinese financial leasing industry,Far East Horizon has been committed to the strategic goal of combining finance and industry,especially in the innovation and promotion of asset securitization business.It is a pioneer in Chinese asset securitization business and has accumulated a wealth of asset securities experienced.Since the first domestic financial leasing asset-backed securities product was issued in 2006,Far East Horizon has successfully issued and successfully released multiple products for many times,which has great reference value for the development of derecognition-type asset securitization in the financial leasing industry.This article focuses on the case analysis of 2018 Far East II financial lease asset securitization and explores the issue of financial lease asset securitization derecognition.After reading a lot of relevant literature at home and abroad,and using the method of induction and summarization,the research points of this article are combed,and then the analysis and research framework of this article is constructed.The text explores the securitization of 2018 Far East II financial leasing assets with six parts.The first part is introduction.At first,this part introduces the background and significance of this article,then sorts out the literature related to the securitization of financial lease assets all around the world,and finally introduces the analysis logic and research framework of this article.The content includes the background and significance of securitization of financial leasing assets,and introduces the research ideas and methods of this article.The second part expounds the connotation and characteristics,motivations and influencing factors of the financial securitization derecognition-type asset securitization,and elaborates the relevant theoretical basis involved in the case analysis of this article.The third part,is the specific illustration about the case of the 2018 Far East II financial lease asset securitization,which includes the 2018 Far East II original equity owner profile,basic assets,transaction structure,and credit enhancement measures.The fourth part analyzes the motivation of the original equity holders to issue the 2018 Far East II financing lease asset securitization derecognition,and analyzes the motivation of the issue of derecognition-type financial lease asset securitization products through the original equity owner's financial indicators,market goals,and industry supervision status.The fifth part analyzes the influencing factors of the securitization derecognition of financial lease assets in the 2018 Far East II.From the two dimensions of accounting standards and legal constraints,this paper analyzes the influencing factors of the underlying assets.The sixth part is the research conclusion and inspiration.This part includes the conclusions drawn from the case analysis and the relevant and feasible suggestions made accordingly.This article mainly uses case study method and literature research method for analysis.By reviewing and studying relevant domestic and foreign literature,summarizing the existing domestic and foreign literature from the aspects of the causes and influencing factors of financial leasing of asset securitization derecognition,so as to pave the way for theoretical analysis.From the perspective of case analysis,the details of the original equity holders,basic assets,transaction structure,and credit enhancement measures of the 2018 Far East II are introduced in detail.The original equity holders 'financial indicators,market goals,and industry supervision status are analyzed to analyze the original equity holders' issuance.Motivation to issue derecognition-type financial lease asset securitization products.A detailed analysis of the influencing factors of the 2018 Far East II financial lease asset securitization statement is made,and the influencing factors of the underlying asset statement are discussed from the two dimensions of accounting standards and legal constraints.According to the analysis,in this case,Far Eastern Leasing has realized the partial derecognition of basic assets at the consolidated statement level,and Far East Horizon(Tianjin)has realized the complete derecognition of basic assets at the consolidated statement level.In addition,this case study suggests that two major factors,accounting standards and legal constraints,affect the securitization derecognition of financial leasing assets;the leasing company should reasonably choose a derecognition-type asset securitization product based on the company's development strategy;Constantly improve risk management capabilities,with a view to providing reference for financial leasing companies to develop asset securitization.