Asset securitization of trust beneficiary rights can innovate the cooperation mode between trust companies and banks. In the asset securitization project of trust beneficiary rights, the project can be initiated and led by banks, which is conducive to the cooperative banks to separate risks from the banking system and help banks achieve non-standard bidding. In addition, commercial banks can also improve the utilization rate of funds through loan securitization. Trust companies can also take the lead in issuing projects and use idle short-term funds from banks to cross the bridge. In the process of such business cooperation, we can also observe other needs in the transformation and development of banks and carry out other cooperation.
The second is to expand the cooperation mode with institutions such as insurance and fund subsidiaries.
Insurance funds have the characteristics of long term, low cost and high security requirements, so cooperation can be considered at the product issuing end of the trust beneficiary asset securitization project. Brokers and fund subsidiaries, as issuers of asset-backed special plans, play an important role. Trust companies can cooperate with fund subsidiaries and securities firms to issue asset securitization products with trust beneficial rights.
The third is to carry out asset securitization business of consumer credit trust beneficiary rights.
The basic asset of the asset securitization project of "consumer credit" trust beneficiary right is consumer credit loan, and recently there is "JD". This provides a new way of thinking for the business model of trust companies. Consumer credit is extremely small and scattered, belonging to high-quality assets. The "consumer credit" project was raised less than a week after it was issued in Shenzhen Stock Exchange. Trust companies can develop consumer finance business in this way.
The fourth is to promote the development of medium and long-term financing projects such as PPP through the asset securitization design of trust beneficiary rights.
Trust companies have always taken a positive attitude towards PPP projects, but there are not many landing projects. One of the constraints is the duration of the trust fund. Asset securitization of trust beneficiary rights can meet the long-term financing needs of enterprises by issuing asset-backed securities and provide liquidity support for trust products. For other projects with long-term financing needs, cooperation can also be carried out in this way.
Five, the use of self-operated funds to carry out the securitization business of trust beneficiary assets, improve the liquidity of funds and earn spreads.
In the asset securitization business of trust beneficiary rights, trust companies can use self-operated funds to provide a bridge, and the formed trust beneficiary rights can operate in a securitization cycle, improve the liquidity of self-operated funds and earn spreads. In the case of controllable risks, trust companies can use their own funds or disposable funds to achieve rolling business expansion.