金融資產證券化作業制度及會計處理之研究-以個案銀行為對象

A Study on Financial Institution Asset Securitization System and Accounting – Bank Case Study

許松輝(sou-hua shi)

指導教授 ： 簡俱揚

中原大學/商學院/會計研究所/碩士(2004年)

https://doi.org/10.6840/cycu200300771

摘要

在面臨國際金融開放制度之下，多數的金融機構已經開始對於業務的創新與金融商品的開發投入新的力量，而這股力量也推動我國的經濟突飛猛進，促使政府逐漸重視相關的金融法令與配套的政策，金融資產證券化這樣的商品也成為我國在金融創新中，所邁出的第一大步。大多數的金融機構在以前都承襲著舊有傳統，以存款及放款為主要業務量來源，對於資金的再運用，僅限於貨幣市場與資本市場方式籌措資金，反而對於金融資產證券化的籌資相當的陌生，而這種商品在美國及其他國外市場早已行之有年，面對市場的衝擊與資金成本的提高，資產的再運用已經成為現階段金融市場最主要資金的來源。

個案銀行面對這樣的金融環境，也開始對於金融商品的創新投入新的努力，包括拓展新種業務及學習國外投資銀行的經驗等等，其中又以金融資產證券化為主要學習項目，有鑒於本國法令對於該項商品並沒有很完整的規範，再加上對於會計制度公報準則的欠缺，使得金融資產證券化推行上有相當困難，因此，本研究特將整個金融資產證券化的流程作說明與解析，從交易架構與會計處理上分析個案銀行在債權標的上做最適的選擇，並且，參考歐洲、美國、日本、英國等實行的經驗作為我國改進金融資產證券化作業制度的參考。另外，關於會計制度的建立上，特以美國會計準則委員會頒布第140號公報及國際會計準則第39號公報為主要參考依據，同時，探討我國在金融資產證券化會計處上所遇到問題，以利未來改進的方向。

關鍵字

金融產證券化

並列摘要

Facing an open international financial system, most of financial institutions have started business innovation and development of financial instruments. Such trend also motivated the economy of Taiwan to advance by leaps and bounds and Taiwan government began to put emphasis on related financial regulations and package policies. Securitization of financial institution assets became the first major step in the process of domestic financial innovation. Most of the financial institutions used to follow typical practice; i.e., deposits and loans were their major business source. For capital reapplication, fund raising was confined to the money market and the capital market only. Securitization of financial institution assets was quite strange to them at that time. However, this system has been implemented in America and other countries for many years. Confronting the conflicts on the market and increasing capital cost, financial institutions have to reapply their assets as their major capital source on the financial market currently.
Individual banks begin to invest in new efforts on financial innovation in such a financial environment, including developing new business items and learning from the experiences of foreign investment banks. Financial institution asset securitization becomes a main learning subject. Due to incomplete law and insufficient communiqué principles in the accounting system, implementation of financial institution asset securitization is quite difficult. As a result, analysis of the whole process of financial institution asset securitization was conducted, an optimum choice of creditor’s right tendering was made in accordance with the transaction structure and accounting principles and experiences of European countries, America and Japan were referred in this research. Besides, Communique No. 140 proclaimed by Financial Accounting Standards Board of the U.S. and Communique No. 39 of the international accounting standards were based for the establishment of the accounting system in Taiwan. Meanwhile, accounting issues occurred during the process of financial institution asset securitization were discussed for improvement in the future.

並列關鍵字

: Financial Institution Asset Securization

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