A person can generally get a spending quota of 500-5000 yuan after opening the "Ant Flower Garden". These funds are all from Ali's Ali Small Loan. People who know the basic knowledge of accounting can immediately understand that every consumption of the pickpocket party corresponds to a credit loan (asset) on the left side of Ali Small Loan Balance Sheet. If Ali Small Loan just lets these loans lie quietly on the left side of its balance sheet (assets), then it needs to constantly raise funds and expand the right side of its balance sheet (digital rights or liabilities) to support these credit loans (balance sheet should be balanced).
As the small consumer loans of the "Chopper Party" (the debtor) have relatively stable cash flow income in the future (the "Chopper Party" is required to complete the repayment before 10 of the month after the receipt of the goods), Ali Small Loan (the initiator) can transfer these loan assets that are expected to generate stable cash flow income to the special account set up by SPV. Then SPV is responsible for putting these consumer loan assets into the cash pool, reorganizing, dividing and upgrading the cash flow of the asset pool, thus issuing a series of securities with different income and risk characteristics.
Simply put: Every money you owe Bai Hua is an ant's asset. If ants want to continue lending, but they don't have that much money, they need financing. The way of financing is to package and sell the money owed to ants (IOUs). It's sold here, because there are hundreds of thousands of IOUs with different maturities and different amounts, and the ones with long maturities and short maturities will definitely not sell at the same price. After all, the longer the term, the higher the risk. Then, for example, the funds repaid in 1 year are all divided into layer A, and the corresponding selling price is to pay 3,5% interest rate; Pay off all the money of the A-tier investors, and then pay back the B-tier and C-tier in turn. The securities corresponding to the repayment order later have higher yield and longer term. To realize the reorganization, division and credit stratification of cash flow.
Then the interest rate we pay ants is, for example, 17%, but ants take our IOUs to finance, and generally securitization is the principal to finance. Because the ant itself has better credit, he only needs to pay 3.5% of the cost to sell it. Usually, the last C file is saved by ant himself. After paying A and B, there is a big interest difference between 17% and 3.5%, and all the excess income accumulated in the middle is taken away by the ants themselves, so it makes a big profit.
I saw it ~ ~ ~