senior bond meaning in Chinese
优先债券
优先证券
Examples
- First , the author reviewed the related literature of asset securitization , explained the connotation and the economical significance of asset securitization from many angles , analyzed several essential technologies of asset securitization through using the enterprise financing theory , the financial theory , the system economic theory and the law of averages , constructed a flow chart to analyze the structure and the flow of the operation of asset securitization ; then the author analyses the overseas development tendency as well as the overseas concrete procedure of non - performing loans securitization , proposed several enlightenment ; once more , the author analyzed our country ’ s feasibility of npls , then elaborated emphatically the operation thought of npls of our country commercial bank : regarding the establishment of spv , thought that it most suit the our country current national condition current through pouring the capital to adopt company spv the pattern in our country by the national property management company , and elaborated how to construct and manage the property pond , put forward many kinds of ways of credit enhance for non - performing loans , thought it is the best choice that the product of npls is designed for cmo , the senior bond adopts the public issue , the secondary bond adopt private issue
首先,本文回顾了资产证券化研究的相关文献,从多个角度阐释了资产证券化的内涵和经济意义,运用企业融资理论、金融理论、制度经济学理论和大数定律剖析了资产证券化的几项关键技术,构建了一个资产证券化流程图来分析资产证券化运作的结构与流程;接着通过分析国外不良贷款证券化发展趋势以及具体做法,提出了几点启示;再次,分析了我国不良贷款证券化的可行性,然后着重论述我国商业银行不良贷款证券化的运作思路:对于spv的设立,认为在我国由国家资产管理公司注资采取公司型spv的模式最适合我国当前的国情;并论述了资产池的构建与管理;提出了对不良贷款进行信用增级的多种方式;认为将不良贷款证券化产品设计为抵押担保债券,高级债券采取公开发行,次级债券采取私募发行是最佳选择。