本文選題：住房公積金貸款　切入點(diǎn)：資產(chǎn)證券化　出處：《湘潭大學(xué)》2017年碩士論文　論文類(lèi)型：學(xué)位論文

【摘要】：近年來(lái),在住房公積金使用率越來(lái)越高的情況下,多地出現(xiàn)公積金供不應(yīng)求的局面。許多專(zhuān)家順勢(shì)提出通過(guò)住房公積金貸款證券化來(lái)化解公積金供不應(yīng)求的矛盾。管理中心個(gè)人住房貸款證券化其實(shí)質(zhì)是將已發(fā)放的、期限長(zhǎng)、流動(dòng)性差的個(gè)人住房貸款盤(pán)活,將其轉(zhuǎn)換為可以在資本市場(chǎng)上自由買(mǎi)賣(mài)的證券,從而使得住房公積金中心有資金提供給繳存人。論文從實(shí)際案例出發(fā),在理論支持的基礎(chǔ)上,通過(guò)數(shù)據(jù)分析,來(lái)研究住房公積金貸款資產(chǎn)證券化的風(fēng)險(xiǎn)。研究發(fā)現(xiàn)發(fā)現(xiàn)對(duì)于資產(chǎn)規(guī)模較小、增值收益額度小的Y公積金中心,當(dāng)融資規(guī)模較大時(shí),中心承擔(dān)較大的還本付息資金壓力加大財(cái)務(wù)風(fēng)險(xiǎn)、需要彌補(bǔ)較高的負(fù)利差會(huì)增加運(yùn)營(yíng)風(fēng)險(xiǎn)、以及過(guò)高的超額抵押部分會(huì)加大贖回風(fēng)險(xiǎn),加大運(yùn)行風(fēng)險(xiǎn)。此外,再基于資金需求時(shí)效性風(fēng)險(xiǎn)、資產(chǎn)證券化操作風(fēng)險(xiǎn)以及住房公積金貸款的自有風(fēng)險(xiǎn)等風(fēng)險(xiǎn)的綜合考慮,諸如Y市的中小城市管理中心應(yīng)當(dāng)結(jié)合當(dāng)?shù)胤慨a(chǎn)市場(chǎng)情況,及自身運(yùn)行規(guī)模與能承受的風(fēng)險(xiǎn)等級(jí),通過(guò)資產(chǎn)證券化方式籌集部分資金。論文以政府及非盈利組織為例,研究中小城市住房公積金貸款資產(chǎn)證券化存在的風(fēng)險(xiǎn)及其應(yīng)對(duì)措施,以期為我國(guó)其他眾多中小城市住房公積金資產(chǎn)證券化提供借鑒,也為中小城市管理中心下一步拓寬住房公積金融資渠道、提高資金使用效率積累經(jīng)驗(yàn)。
[Abstract]:In recent years, at a time when the utilization rate of housing provident funds is increasing, In many places, the supply of provident funds exceeds supply. Many experts put forward the idea of resolving the contradiction between supply and demand of provident funds through securitization of housing provident fund loans. The essence of the securitization of individual housing loans in the management center is that it will have been issued and has a long period of time. Personal housing loans with poor liquidity can be converted into securities that can be bought and sold freely in the capital market, so that the housing provident fund center can provide funds to the depositors. Through data analysis, this paper studies the risk of securitization of housing provident fund loan assets. The study found that for Y provident fund center with small assets and small value-added income, when the financing scale is large, The center takes on greater capital pressure to service principal and interest and increases the financial risk. The need to make up for the higher negative spread will increase the operational risk, as well as the excessive excess mortgage will increase the redemption risk and increase the operational risk. Based on the risk of the timeliness of capital demand, the operational risk of asset securitization and the risk of housing provident fund loan, and so on, such as the small and medium-sized city management center of Y city should take into account the local real estate market situation, The paper takes the government and non-profit organizations as an example to study the risk and countermeasures of the securitization of housing provident fund loan in small and medium-sized cities. The purpose of this paper is to provide reference for the securitization of housing provident fund assets in many other small and medium-sized cities, and to broaden the financing channels of housing provident fund for the management center of small and medium-sized cities, and to improve the efficiency of capital use.
【學(xué)位授予單位】：湘潭大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類(lèi)號(hào)】：F832.51;F299.23;F832.479

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 劉雨婷;;我國(guó)中小城市公積金融資模式探析——以湖南益陽(yáng)為例[J];財(cái)會(huì)月刊;2016年17期

2 王慶華;董琪;彭新月;;信貸資產(chǎn)證券化產(chǎn)品定價(jià)方法與實(shí)踐[J];債券;2014年09期

3 胡威;;資產(chǎn)證券化的運(yùn)行機(jī)理及其經(jīng)濟(jì)效應(yīng)[J];浙江金融;2012年01期

4 洪艷蓉;;重啟資產(chǎn)證券化與我國(guó)的發(fā)展路徑[J];證券市場(chǎng)導(dǎo)報(bào);2011年09期

5 王元璋;涂曉兵;;試析我國(guó)資產(chǎn)證券化的發(fā)展及建議[J];當(dāng)代財(cái)經(jīng);2011年03期

6 崔虹;;淺談住房公積金貸款風(fēng)險(xiǎn)成因及防范措施[J];知識(shí)經(jīng)濟(jì);2009年04期

7 李娟;李秀文;;淺談住房公積金貸款的風(fēng)險(xiǎn)與防范[J];才智;2008年09期

8 張小平;;淺議住房公積金貸款的風(fēng)險(xiǎn)防范[J];經(jīng)濟(jì)師;2006年03期

9 張超英;關(guān)于資產(chǎn)證券化動(dòng)因的理論探析[J];財(cái)貿(mào)經(jīng)濟(jì);2003年06期

10 潘彥 ,張銀旗;資產(chǎn)證券化的制度建設(shè)[J];浙江金融;2001年02期

相關(guān)博士學(xué)位論文 前1條

1 劉玄;資產(chǎn)證券化的風(fēng)險(xiǎn)及其防范[D];南京大學(xué);2011年

相關(guān)碩士學(xué)位論文 前4條

1 陳國(guó)炳;信貸資產(chǎn)證券化風(fēng)險(xiǎn)研究[D];山東大學(xué);2013年

2 曾震;資產(chǎn)證券化研究及其風(fēng)險(xiǎn)防范[D];江西財(cái)經(jīng)大學(xué);2012年

3 鄭彩琴;我國(guó)資產(chǎn)證券化風(fēng)險(xiǎn)隔離機(jī)制之研究[D];南京大學(xué);2012年

4 田宏華;我國(guó)商業(yè)銀行信貸資產(chǎn)證券化的風(fēng)險(xiǎn)問(wèn)題研究[D];復(fù)旦大學(xué);2009年

，

本文編號(hào)：1605869