在《中国住房抵押贷款证券化试点实施模式研究》(见本刊2002年第7期)的基础上,进一步对该模式中所涉及的证券化实施流程进行深入分析,并重点阐述了抵押传递证券发行环节中的程序、成本、条件、还款方式及交易环节中的交易市场、程序、方式等问题。 On the basis of “Research on the Implementation Mode of Pilot Securitization of Housing Mortgage Loans in China” (see the issue of No. 7 of 2002), this paper further analyzes the implementation process of the securitization involved in this model, and emphatically elaborates on the mortgage-backed securities Procedures, costs, conditions, repayment methods, and transaction markets, procedures, methods and other issues in the transaction process.