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资产证券化起源于20世纪70年代末美国的住房抵押贷款证券MBS,目前已被广泛用于抵押债券以外的非抵押资产的证券化领域,它作为一种新的融资手段,是当今国外普遍使用的主要融资工具之一。王开国博士在《资产证券化》一书中将其定义为:资产证券化就是指原始权益人(卖方)将不流通的存量资产或可预见的未来收入构造和转变成为资本市场可销售和流通的金融产品的过程,进行资产转化的公司成为资产证券化的发起人(Originator),发起人把持有的各种流动性较差的金融资产,如住房抵押贷款、信用卡应收款等,分
Asset securitization originated in the United States in the late 1970s MBS, which is now widely used in the field of securitization of unsecured assets other than mortgage bonds. As a new financing method, asset securitization is commonly used in foreign countries today One of the main financing tools. Wang Kai-guo in “asset securitization” book will be defined as: Securitization of assets refers to the original equity (seller) will be non-current stock assets or foreseeable future revenue structure and transformation into a capital market can be sold and circulation Of the financial products of the process, the assets of the company became the initiator of asset securitization (Originator), the sponsor held a variety of less liquid financial assets, such as home equity loans, credit card receivables, etc.,