摘要
农户贷款证券化为农户贷款经营机构健康持续从事农户信贷提供了一种可行的资本补充与风险管理工具,从传统的资产证券化结构设计看,农户贷款特质决定了它基于不脱离发起人信用的参与式交易结构,并需要通过独立于贷款本身的增级方式——通常是多种方式的组合——来增强债券保障程度,其中,政府机构可以通过提供低成本外部增级扶持和改善发起人的农户贷款经营行为。
The securitization of rural households＇ loans encourages the commercial credit institutions to meet the credit demands in rural areas by improving the capital adequacy and managing the risk initia- tively. Participation is viewed as a practical structure in securities designing and credit enhancement, both inner and external ways, are indispensible to guarantee their credit level. For further discussion, securities backed by rural households＇ loans could be supported by governments in the way of provid- ing policy-type external credit enhancement.
出处
《金融理论与实践》
CSSCI
北大核心
2013年第7期62-65,共4页
Financial Theory and Practice
关键词
农户贷款
资产证券化
结构设计
信用增级
rural households＇ loans
securitization
structure designing
credit enhancement
