抵押债务(CBO)融资模式研究

Study on financial model of CBO

介绍了抵押债务(CBO)结构融资的概念和构成方式,分析了不同抵押债务融资产品的适应范围,提出了特设中介机构(SPV)的概念,并对产品信用评估进行了系统阐述,以期对中国债券市场和贷款市场的产品创新提供一个思路。

we introduce the de finition and structure of the collateralized debt obligations(CDOs )and com-pare the different applicability of the structures.We bring forward a concept of special purpose ve hicle(SPV)in the structure.Furthermore,we give a fu ll description of the rating agencies and design a new securitization based on t he structure.This article may give a new method to deal with our bond market a nd loan market.