Credit enhancement model of asset securitization of Dayun Company

Credit enhancement mode of asset securitization of Dayun Company: Credit enhancement of asset securitization is mainly divided into two parts: internal credit enhancement and external credit enhancement. Internal credit enhancement is carried out from the perspective of the structural design of the basic asset pool of asset-backed securities and the design of product credit enhancement mechanism, which mainly includes the structural arrangement of priority and secondary, spread payment system, excessive mortgage setting, margin and cash reserve account, etc. External credit enhancement is mainly based on the credit guarantee provided by external enterprises or financial institutions, including institutional guarantee, differential payment commitment, repurchase commitment and liquidity support.