Asset Securitization and Securitization Accounting

Author: Wu Qun
Publisher:
Publish Date: 2005-07-01
Features: Since asset securitization was just beginning its pilot phase and was conducted through trust methods, China still needed to establish and develop many aspects of asset securitization, including legal frameworks and accounting practices. This book is the author's research based on studies of international experiences, combined with the practices of China's capital market and the operational development of its enterprises. It presents research findings on asset securitization and asset securitization accounting. Particularly through detailed discussions on specific issues of home mortgage-backed securities, the elaboration of accounting principles and methods for typical securitization transactions, and an introduction to the current state of U.S. securitization accounting, the book greatly benefits understanding of international trends in asset securitization and its accounting, as well as guiding China's theoretical and practical work in this field. Many aspects of the book are forward-looking, especially in the research of asset securitization accounting, as it pioneers this field of study in China.