资产证券化是指将缺乏流动性、但具有可预见的稳定现金流的资产,分类组合成资产组合,将其出售给特殊目的载体(special purpose vehicle,简称SPV),然后由SPV用该组合资产为担保发行证券,从而实现金融互通的过程。一般来说,一个完整的资产证券化基本运作流程包括以下环节:首先由 Assets securitization refers to the grouping of assets with a lack of liquidity but with predictable stable cash flow into portfolios and selling them to a special purpose vehicle (SPV), which is then used by the SPV To guarantee the issuance of securities, so as to achieve the process of financial interoperability. In general, a complete basic process of asset securitization includes the following steps: First, by