摘要
资产证券化融资是继传统融资模式之后的另一种有效途径.运用OAS定价方法,确定发起人通过资产证券化产生的现金流入模型,通过与传统融资方式比较,分析资产证券化对发起人融资成本及相关收益的影响,得出银行贷款融资与内部融资等方式在融资成本、资格等方面限制了我国企业的融资,而通过资产证券化融资可以使发起人获得稳定的现金流、降低融资成本并提高资产流动性.
The asset securitization financing is another effective way after the traditional financing models.OAS pricing methods were used to determine the cash flow model of the originator through asset securitization.The effects of financing costs and related benefits of the originator were analyzed by compared with the traditional model of financing.The result shows that the bank loan financing and internal financing limit the corporate finance in financing costs,eligibility,etc.Through asset securitization,financing will enable the sponsor to obtain a stable cash flow,reduce financing costs and increase liquidity,improve asset liability structure.
出处
《西安工程大学学报》
CAS
2009年第6期120-123,共4页
Journal of Xi’an Polytechnic University
关键词
资产证券化
特设交易载体
资产支持证券
asset securitization
special transaction carrier
assets backed securities
