关于资产证券化表外化有关问题的分析

资产证券化表外化的实现,要满足两个条件:一是向SPE的转让要满足会计上的真实出售,二是SPE不能成为转让人的连接对象。本文的内容是关于第一个问题的,并以美国的财务会计准则报告(第140号)为背景,通过分类归纳的形式,达到有利于理清脉络、把握原理、借鉴吸收、跟进规制的效果。

On Off- balance - sheet Asset Securisation

To achieve off-balance-sheet asset securisation,the transfer of assets to the SPE has to be a true sale,and the SPE has to be legally isolated from the transferor.Focusing on the former,this paper contains the following:(i) comparison of the two accounting treatment methods for the transfer of financial assets;(ii) details about and internal logic of the financial-components approach,and the concepts of its base and extension,the narrow-and wide-sense control,and(iii) details about the wide-sense control and the analysis of the control of futures and options.This paper is made out based on an in-depth study of the complex SFAS140 to help understand the details and fundamental principles of the off-balance-sheet asset securisation.