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作为近二十几年才兴起的新型融资工具“资产证券化”在美国的发展速度十分惊人,而且也表现出了无限的发展潜力,据估计美国今年此类证券的发行额将会达到2280亿美元,将比1998年增加17%。与此同时这种方式也引起了国际金融组织和世界各国金融界的注意。1999年4月1日日本成立了 Resolutionand Collection Corp 公司,以推动其银行不良资产的证券化。近一段时期,我国理论界和金融界对于资产证券化的问题也进行了广泛的讨论。
As a new financing tool that emerged in the past two decades or more, “asset securitization” has been extremely astounding in the United States. It has shown immense potential for growth. It is estimated that the U.S. bond issuance will reach this year 228 billion U.S. dollars, up 17% over 1998. At the same time, this approach has also drawn the attention of the international financial organizations and the financial circles of other countries in the world. On April 1, 1999, Japan established Resolutionand Collection Corp to promote the securitization of the non-performing assets of its banks. In recent period, the theoretical circles and the financial circles of our country also conducted extensive discussions on the issue of asset securitization.