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Empirical Research of Bank Non-performing Asset Securitization
Author: WenYongLiang
Tutor: WangYaoWen
School: Taiyuan University of Science and Technology
Course: Management Science and Engineering
Keywords: Non-performing assets Asset Securitization Ad hoc bodies SPV
CLC: F832.51
Type: Master's thesis
Year: 2010
Downloads: 302
Quote: 3
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Abstract
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Bank non-performing asset securitization is one of the world in the last 30 years in the financial sector of the fastest growing financial innovations , to achieve efficient , low-cost non-performing assets for quick handling . The last century to solve the bank a large number of non-performing assets , the United States first successfully applied to the securitization of non-performing assets to resolve a large number of non-performing assets , which is undoubtedly the disposal of non-performing assets for commercial banks in China provides a new way . Conditions from the bank 's non-performing asset securitization binding analysis , the securitization of non-performing assets have an important impact on the conclusions drawn spreads on the banks : the lower the spread requirements , investment banks' bad assets securitized products gain more interest rate high , the more conducive to the issue of bank non-performing assets securitized products ; spreads constrained by the issue of the size and financing terms , the larger issue , financing the longer the term , the smaller the spread requirements ; the article application KMV credit model to detect the expected default rates, derived by analyzing : the expected default rates , the lower , the higher the credit rating , the more favorable the issue of bank non-performing asset securitization products . Use the actual case of the cell 2008-1 restructured asset -backed securities and which made ??a detailed comparison of the data from the internal structure of the transaction , cash flow, binding conditions , risk , credit enhancement and credit rating , and that they might have : Bank non-performing assets securitization has certain advantages , but in terms of the stability of the income there are still some gaps .
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CLC: > Economic > Fiscal, monetary > Finance, banking > China's financial,banking > Financial market
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