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资产证券化作为一种新型金融工具,具有严格复杂的运作模式。其中,特殊目的机构SPV是资产证券化的中心环节,而SPV能否发挥应有作用,关键在于选择适当的法律形式。当前国际上有公司型、信托型、有限合伙型等三种类型的SPV。而我国立法中只规定了信托型一种,所以需要借鉴国际立法和实践经验,将公司型、信托型、有限合伙型SPV都纳入资产证券化立法中,以供投资者选择,增强金融的流动性。
As a new type of financial instrument, asset securitization has a strict and complicated mode of operation. Among them, SPV is the central part of asset securitization, and SPV can play its due role, the key is to choose the appropriate legal form. At present, there are three types of SPVs: corporate type, trust type and limited partnership type. However, only one trust type is stipulated in our country’s legislation. Therefore, we need to draw lessons from international legislation and practical experience to include the company-type, trust-type and limited partnership SPVs in the asset-backed securities legislation for investors to choose to enhance the financial flow Sex.