The first individual mortgage non-performing assets securitization landing rate higher [Abstract] reporter was informed that the Construction Bank initiated "Jian Xin 2016 second non-performing asset support securities" (hereinafter referred to as "Jian Xin two") will be held in the interbank market in September 23rd. Information times (reporter Chen Zhouqin) reporter was informed that the Construction Bank launched the "Jianxin 2016 second non-performing assets support securities" (hereinafter referred to as "Jian Xin two") will be held in the interbank market in September 23rd. Industry analysts believe that this is a business innovation in the securitization of bank bad assets to shut down 8 years after the restart, as the first single adverse personal housing mortgage loan asset-backed securities, "Jian Xin two" issue also provides a new channel for banks to dispose of non-performing mortgage loans. 6 pilot banks have completed the first issue recently, following the Bank of China, China Merchants Bank and Agricultural Bank of China, as one of the pilot, ICBC also announced the "yuan in 2016 the first phase of non-performing asset support securities" (bad ABS) issued documents, and will be completed in September 23rd filing. According to the issuance of materials show that the total issue of non-performing ABS issued 1 billion 80 million yuan, in terms of regional distribution of basic assets, ICBC’s first bad ABS base assets are mainly distributed in Zhejiang, Shandong, Jiangsu, Guangdong and other regions. It is learnt that, before ICBC, other banks included in the first batch of pilot has also issued a bad ABS products. In May 19th, the stock of non-performing assets of Bank of China launched the first support (ABS) – known in 2016 the first phase of the NPL backed securities "prospectus" announced, this product on a scale of 301 million yuan. Insiders believe that this officially marks the suspension of eight years of commercial banks non-performing credit asset securitization officially restarted. And almost simultaneously with the Bank of China, China Merchants Bank also issued a pilot product in May 19th and the first phase of non-performing assets support securities in 2016, also officially issued, the scale of 233 million yuan. Then, China Merchants Bank issued second non-performing ABS products in June 28th and second non-performing assets support securities in 2016". It is reported that China Merchants Bank’s non-performing assets support securities issuance scale is 470 million yuan, the statutory period of 5 years. On the evening of June 28th, the Agricultural Bank of China also announced that it was actively preparing for the relevant work of participating in the pilot project of non-performing asset securitization. In July, ABC issued its first issue of non-performing assets securities issuance in 2016, with a scale of 3 billion 64 million yuan. It is the largest non-performing ABS product in the banking sector so far. Therefore, according to Information Times reporter combing, from the securitization of bank bad assets in this year since the restart, the first pilot of the 6 banks were successively completed the first phase of adverse ABS products issued, but in terms of size, poor ABS’s biggest product is only 3 billion 64 million yuan, so in general, the bad bank ABS the issue is not large. According to the CCB’s "Jianxin two issue" data show that it will be established in September 27th, asset-backed securities sponsor for the Construction Bank, the issue of a total size of 1 billion 560 million yuan, divided into priority files and secondary files of two varieties. Among them, the priority asset)

首单个人房贷不良资产证券化落地 回报率更高 [摘要]记者获悉,由建设银行发起的“建鑫2016年第二期不良资产支持证券”(下称“建鑫二期”)将于9月23日在银行间市场申购。信息时报讯 (记者 陈周琴) 记者获悉,由建设银行发起的“建鑫2016年第二期不良资产支持证券”(下称“建鑫二期”)将于9月23日在银行间市场申购。业内分析认为,这是在银行不良资产证券化停摆8年重启后的又一业务创新,作为国内首单不良个人住房抵押贷款资产支持证券,“建鑫二期”的发行也为银行处置不良住房抵押贷款提供了新的渠道。6家试点银行陆续完成首期发行近日,继中行、招行以及农行之后,作为试点之一的工行也公布“工元2016年第一期不良资产支持证券”(不良ABS)发行文件,并将于9月23日完成建档。根据其发行材料显示,本期不良ABS发行总额10.8亿元,在基础资产的地域分配方面,工行首期不良ABS的基础资产主要分布在浙江、山东、江苏、广东等地区。据悉,早在工行之前,其他纳入首批试点的银行也已经先后发行了不良ABS产品。5月19日,中行发起的首只不良资产支持证券(ABS)——中誉2016年第一期不良资产支持证券的《发行说明书》对外公布,这期产品规模为3.01亿元。业内人士认为,这正式标志着暂停八年的商业银行不良信贷资产证券化正式重启。而几乎与中行同步,招商银行也在5月19日发行了试点产品“和萃2016年第一期不良资产支持证券”也正式发行,规模为2.33亿元。紧接着,招行又在6月28日发行了第二期不良ABS产品“和萃2016年第二期不良资产支持证券”。据悉,招行该不良资产支持证券发行规模为4.7亿元,法定期限5年。6月28日晚间,农业银行也发布公告称,正积极筹备参与不良资产证券化试点的相关工作。7月,农行也发布了其2016年第一期不良资产证券发行的公告,规模达30.64亿元,是目前为止银行业规模最大的一支不良ABS产品。因此,根据信息时报记者梳理发现,自银行不良资产证券化在今年重启以来,首批试点的6家银行均先后陆续完成了首期不良ABS的产品发行,但从规模上看,不良ABS的产品最大的仅30.64亿元,因此从总体而言,目前银行不良ABS的发行量并不大。而根据此次建行的“建鑫二期”发行的数据显示,其将在9月27日设立,资产支持证券发起机构为建行,发行规模共15.6亿元,分为优先档和次级档两个品种。其中,优先档资产支持证券发行规模为12亿元,次级档资产支持证券规模为3.6亿元。回报率较其他不良资产类别更高从整体银行业数据看,全行业在不良资产处置方面的压力在不断加大。截至今年二季度,银行业实现净利润8991亿元,同比增长3.17%,增速较一季度回落3.14个百分点。“主要受以下因素影响:一是资产速放缓,二季度资产增速为15.66%,较上季度回落1个百分点;二是净息差收窄,二季度净息差收窄至2.27%,创有数据以来新低;三是核销不良贷款,侵蚀利润。”民生银行首席研究员温彬表示,随着银行资产和负债规模的不断扩大,受基数效应影响,预计规模增速会逐步放缓,银行也将从扩规模向调结构转变。温彬表示,从银行的资产端看,按照中央‘三去’要求,加快信贷结构调整,同时增加债券等投资类资产比重,并优化资产结构,“推动资产(包括不良资产)证券化”。“将于23日开始申购的由建行发起的不良资产支持证券,作为国内首单不良个人住房抵押贷款资产支持证券,的确受到今年银行重启不良资产证券化的推动。而此前,不良资产证券化已停摆8年。”融360房贷分析吕舒扬对记者表示,建行作为首批试点机构,应该积累了足够的动力推动该项目。银行做个人房贷不良资产证券化,主要是基于盘活金融存量资产的考虑。吕舒扬认为,此前较为宽松的货币政策和积极的财政政策向市场释放了大量可贷资金,而随之而来的大规模投资必然在一定程度上导致不良资产增加。不良资产抑制了银行资金调度能力,而重启该证券化可以提高银行信贷资产的周转率和回报率,改善资产流动性和盈利能力。相比其他不良资产,个人房贷不良资产拥有地区分布广、抵押物覆盖度高、回收方式多的特点。因为抵押物为个人住房,回收较为可靠,个人房贷不良资产的证券化的回报率相比其他不良资产证券更高。“因此,相较之下个人房贷不良ABS的难度在于,债务人差异性大,导致回收期长、回收方式存在不确定性。应该说,该证券的变现回报率较高,回收难易度适中。”吕舒扬对本报记者表示。建鑫二期设立日期:9月27日设立资产支持证券发起机构:建设银行发行规模:15.6亿元品种:1.优先档(资产支持证券发行规模为12亿元)2.次级档(资产支持证券规模为3.6亿元)特点分析:债务人差异性大,回收期长、回收方式存在不确定性,该证券的变现回报率较高,回收难易度适中。(信息时报)相关的主题文章: