资产担保债券:以住房金融资本募集为视角  

Covered Bond: From the Perspective of Housing Finance

作　　者：张晓东[1] 

机构地区：[1]中国人民银行西安分行,陕西西安710075

出　　处：《西部金融》2012年第7期69-72,共4页West China Finance

摘　　要：资产担保债券(CB)有"欧洲银行的秘密融资武器"之誉,作为住房金融资本募集主要手段之一,其本质上是一种浮动担保型融资工具。资产担保债券独特的双层担保结构设计,兼顾了金融产品的安全性和流动性,一定程度上避免了住房抵押贷款支持证券(MBS)的内在道德风险,因而经历本轮全球金融危机后,更加凸显其较强的适用价值,成为有关国家实现住房金融公共政策目标的基本手段。Covered bond has the reputation of＂Secret Funding Weapon of European Banks＂. As a main means of housing finance capital raising, in essence it is a financing tool of floating security. Its unique double security design, considering safety and liquidity of the financial product, to some extent avoids the inside moral hazard of the mortgage-backed securities. After experiencing the global financial crisis, its wide application value has been highlighted, and it becomes the basic method to obtain housing finance public policy objectives in some countries.

关 键 词：资产担保债券 抵押贷款支持证券 住房金融 

分 类 号：F830.5[经济管理—金融学]