Risk management of auto finance is with a little bit of high-tech color

Shanghai automobileGroup finance company (hereinafter referred to as: SAIC financial securities 2012 yuan) a 1000000000 Yuan personal car mortgage loan support previously released (hereinafter referred to as: ABS) is the main investor of state-owned large line, was 2 times subscribed.

Since the beginning of this year auto sales, inventory increases, the resulting financial risk transfer to the automobile financial company. SAIC finance by issuing ABS and other means to support business growth. At the same time, the market expansion of how to control the risk is worth attention. As of November, auto parts wholesale, retail loans reached 9200000000 yuan, 14000000000 yuan.

In fact, for banks and financial companies, chattel mortgage has been exist many mingmen. But SAIC financial general manager Shen Genwei revealed,SAIC financial wholesale non-performing loan rate is zero, the retail loans non-performing rate of only 1/1000 points off before eight, far below the industry average.

Wholesale loans 9000000000

As of November, SAIC financial auto loan balance of 23200000000 yuan, of which the consumers purchase a car to provide retail loans had reached 14000000000 yuan. Also similar wholesale loans to auto dealers, wholesale loans refer to purchase a car dealer vehicle factory, is funded by the group finance company. The SAIC finance has more than 650 dealers wholesale loan business, as at the end of 11, the wholesale loans reached 9200000000 yuan.

"Loan business rises quickly, the automobile finance is a finance company's main business section." Shen Genwei expresses to the reporter. Actually,Since 2008, SAIC financial official involved in auto finance business, there have been 14 automobile financial company has entered the.

An auto financing company, so reaction first lies in the rich income. For banks, its advantage is to provide retail lending rates low, compared to other auto finance companies generally low around 2%-3%. "TheChina Merchants Bank, China Construction Bank's large business scale, while other banks have not yet nationwide large-scale expansion." Shen Genwei said. For the professional automobile financial company,Its main source of funding has two aspects: capital, bank loan. In recent years, in the tight liquidity, bounteous, the capital cost of 8%-9% and 6% respectively, the corresponding loan customers rate is about 12%-14% and 10%.

Shen Genwei introduced, the financial company can absorb the deposit business group, so the cost of funds than other auto finance company is low, but the loan price and financial company is consistent. Secondly, from the loan threshold and the efficiency of examination and approval, because the bank's auto retail loans areCreditDepartments in the doing, in the loan approval efficiency, the threshold has no advantage, in the loan approval, access to select only a few high quality customer. The automobile financial company loan loan is usually within 8 days, fast need 2-3 days, and according to their own wind control of the requirements of customers have a certain elasticity.

　Certificate management into the gate of life

"The rapid growth in the size of the loan at the same time, the key depends on the quality of assets of the." Shen Genwei said, the wholesale non-performing loan rate is zero, the verification of retail loans bad rate of only 1/1000 point eight, the industry average of about more than 5/1000. The rate of bad due mainly to lower the wind on the loan control measures. For example, take the lead in introducing a retail loans in all of the retail online dealersVideoSigning system. In the wholesale loans, the first to set strict admittance threshold for dealers, including the screening conditions: asset liability ratio is less than 80%, the actual controller guarantees, other powerful legal guarantee, will 4S shop for mortgages and other content.

Secondly, when individual loan purchase a car dealer, may also take the car to the other bank loans, or borrow usury. The automobile finance company is not in the local hard real-time monitoring of these risks. So in addition to the traditional loan guarantee means, SAIC financial also asked the most wholesale online dealers floating mortgage on the car.

Furthermore, in individual dealer business cash flow difficulties, there will likely be certificate cars take to usury do mortgage financing. Thus, the original mortgage to the safety of the automobile financial company had problems, and financial companies also difficult to control the situation. In view of this loan loophole, Shen Genwei said,SAIC financial first use certificate of remote monitoring system in the industry, mainly through the certification vehicle mounted on the chip, and then stored in specific cases, the remote monitoring system, only 10 minutes, financial companies understand the changes around the car qualified certificate headquarters in Shanghai will be able to.

As for the future of the auto finance business development plan, Shen Genwei said, according to the regulations, the financial company can only do group's products, so the future focus of dealers in the wholesale loans this.

At present, the SAIC financial depositThe peakUp to 70000000000 yuan, the normal size of the deposit is about 50000000000 yuan. "The corresponding deposit 50000000000 yuan to 40000000000 yuan in auto finance business. But as the deposit is volatile, can not guarantee that the next 2 years is still a level." Shen said, the future deposit scale fluctuations, auto finance business growth based on considerations, so try to ABS financing 1000000000 yuan.

-------------------------------------------------------------------------------------------------- background news

After the auto finance companies, financial companies into second categories with non bank financial institution of the securitization of credit assets. Shanghai Automotive Group Finance Company (hereinafter referred to as the "Shanghai financial") announced yesterday, will be held in November 26th in the inter bank market securities issued 2012 yuan a personal car mortgage loan support size 1000000000 yuan "".

This will be the first Chinese issued by financial company credit

Asset backed securities (ABS). Since 2005, China's credit asset securitization was officially unveiled, banking institutions have served as a protagonist, during which only the GMAC-SAIC automotive finance company has issued car mortgage backed securities.

According to the introduction, 1000000000 yuan of the SAIC finance will be issued since 2010 (24300) car mortgage loan and all the mortgage and collateral rights as trust property, entrusted to the trustee by the trust of Shanghai, set up a special trust scheme, and the main underwriterCITIC SecuritiesPublic offering.

According to China's credit asset securitization pilot practices, SAIC finance the ABS were divided into priority asset-backed securities and subprime asset-backed securities, to achieve internal credit. Among them, the priority of asset-backed securities, including a grade and B grade, the amount was 836000000 yuan and 114000000 yuan, subprime securities, the amount of 50000000 yuan.

According to the announcement, ABS will be the priority - archiving, centralized way of placing the national inter-bank bond market public offering, the central bank approval can be listed transactions; the issuance of subordinated to the originator ABS group finance oriented, duration shall not transfer transaction.

This release also introduced a three rating agencies, respectively, the joint credit, Dagong Global Credit and debt, they were awarded the first A file AAA rating, awarded the first B file A rating, the secondary file no rating.

The credit rating report pointed out that the debt, securities based credit assets quality is higher, collateral has high liquidity, improve the recovery of loan default rate; at the same time, hierarchical offers a 5% credit support priority Securities for the design, while the higher into the pool of mortgage rates will provide certain spread support.