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矿产资源采用资产证券化是矿业企业拓宽融资渠道以实现潜在资源优势变为经济优势的重要措施。从矿产资源资产证券化信用増级机制、资产证券化与其他债务融资方式对比两个切入点进行分析,认为矿产资源资产支持证券信用等级应由地质可靠程度、可行性评价阶段和经济意义共同决定,设计出最优、次优、垃圾、不适宜4类组成的资产支持证券内部信用増级结构。将矿业企业资产证券化与发行企业债券、银行贷款传统融资手段进行对比分析,发现资产证券化具有融资门槛低、融资成本较低、操作简便、期限灵活、资金用途不受限制的优点。
The use of asset securitization of mineral resources is an important measure for mining enterprises to broaden the financing channels to realize the potential advantages of resources into economic advantages. From the point of view of the mechanism of credit enhancement of asset securitization of mineral resources, the comparison of asset securitization and other debt financing approaches, the credit ratings of asset-backed securities of mineral resources should be determined jointly by the degree of geological reliability, feasibility evaluation stage and economic significance , Designed the optimal, sub-optimal, garbage, not suitable for four types of asset-backed securities internal credit structure. By comparing the assets securitization of mining enterprises with the traditional financing methods of issuing corporate bonds and bank loans, it is found that asset securitization has the advantages of low financing threshold, lower financing cost, simple operation, flexible term and unlimited fund use.