1. NCCU Academic Hub
  2. 學術產出
  3. College of Social Science
  4. Theses
  5. Item

學術產出-Theses

Article View/Open

Publication Export

Google ScholarTM

政大圖書館

Citation Infomation

  • No doi shows Citation Infomation
題名 Designing Credit Card ABS in Taiwan
作者 趙振宏
Chao, Chen-Hung
貢獻者 廖咸興
Liao, Hsien-Hsing
趙振宏
Chao, Chen-Hung
關鍵詞 證券化
Credit Card ABS
日期 2003
上傳時間 18-Sep-2009 15:54:25 (UTC+8)
摘要 Three decades ago, the first securitization product was introduced to the investing public in the United States by federal agencies and similar products showed up in Taiwan in 2002. It is a brand new concept for investors in Taiwan and material differences between the west and the east should be considered thoroughly.

This research focus on must-knows and critical techniques of securitization of credit card receivables in Taiwan. The researcher discovered that, the competitiveness of originators is one crucial factor for credit card securitization to survive during serious conditions. Without the ability to refill declining credit card receivables in asset pool of securitization transactions, early amortization will be triggered and that’s where case closed.

Cash flow forecasting model is another important player in credit card securitization. By predicting future cash flows needed and generated, originators can reap the most profit. However, the variables in this magic model are not easy to find. Through multiple analyses and one simulated case, the researcher found that the most important factors are yield rate, loss rate, repurchase rate, and monthly payment rate.
Three decades ago, the first securitization product was introduced to the investing public in the United States by federal agencies and similar products showed up in Taiwan in 2002. It is a brand new concept for investors in Taiwan and material differences between the west and the east should be considered thoroughly.

This research focus on must-knows and critical techniques of securitization of credit card receivables in Taiwan. The researcher discovered that, the competitiveness of originators is one crucial factor for credit card securitization to survive during serious conditions. Without the ability to refill declining credit card receivables in asset pool of securitization transactions, early amortization will be triggered and that’s where case closed.

Cash flow forecasting model is another important player in credit card securitization. By predicting future cash flows needed and generated, originators can reap the most profit. However, the variables in this magic model are not easy to find. Through multiple analyses and one simulated case, the researcher found that the most important factors are yield rate, loss rate, repurchase rate, and monthly payment rate.
參考文獻 English References
[1] Asiamoney, “And the winners are...,” Asiamoney, Feb. 2004.
[2] Audino, D., “The Rating Agency Approach to Credit Risks,” Securitization, Euromoney Publications, 1996.
[3] BOMA, “Credit Card Statistics,” Bureau of Monetary Affairs Website.
[4] Bhattacharya, A. K., “Early Amortization Triggers,” Asset Backed Securities, FJF Associates, 1996.
[5] CSFB, “Credit Card Performance Overview,” CSFB Website, 2004.
[6] Dean, M. R., Howard, D. R., and Mrazek, C., “CIA Secrets Unveiled II,” Fitch Ratings Website, 1997.
[7] Deloitte, “Financial Instruments: Recognition and Measurement,” Deloitte Web Site, 2004.
[8] DiMartino, P., and Kane, M. E., “A Fresh Look at Credit Card Subordinate Classes,” Salomon Smith Barney guide to mortgage-backed and asset-backed securities, John Wiley, 2001.
[9] Euroweek, “Cosmos brings Taiwan`s first international ABS,” Euroweek, Dec. 19, 2003.
[10] Financial Accounting Standards Board, FASB 140 Study, FASB Web Site, 2001.
[11] Fabozzi, F. J., “Securities Backed by Credit Card Receivables,” The Handbook of Fixed Income Securities, 6th ed., McGraw-Hill, 2000.
[12] Fitch Ratings, “Credit Card C-Piece Secrets,” Fitch Ratings Website, 2001.
[13] Furletti, M., “An Over View of Credit Card Asset-Backed Securities,” Discussion Paper of Payment Cards Center, Federal Reserve Bank of Philadelphia, 2002.
[14] Fitch Ratings, “Credit Card ABS Midyear Review and Update,” Fitch Ratings Website, 2003.
[15] Fitch Ratings, “Credit Card ABS Prepayment Risk,” Fitch Ratings Website, 2003.
[16] Fitch Ratings, “ABCs of Credit Card ABS,” Fitch Ratings Website, 2001.
[17] Fabozzi, F. J., “Credit Card C-Pieces” Handbook of Structured Financial Products, John Wiley & Sons, 1998.
[18] Fabozzi, F. J., “Credit Card Asset-Backed Securities,” Handbook of Structured Financial Products, John Wiley & Sons, 1998.
[19] Fabozzi, F. J., Issuer Perspective on Securitization, FJF Association, 1998.
[20] Hsieh, T., “Credit Card Asset-Backed Securities—Market, Structure, and Product Design,” dissertation, 2002.
[21] Huang, H. M., “A Study of The Credit Card Receivable-Backed Securitization,” dissertation, 2002.
[22] Hsu, L., and Mohebbi, C., “Credit Enhancement in ABS Structures,” Asset Backed Securities, FJF Associates, 1996.
[23] Henderson, J., Asset Securitization: Current Techniques and Emerging Market Applications, ING Barings, 1997.
[24] Jablanksy, P., Thompson, R. E. Jr., “Class C Notes: Opening the Next Frontier in Credit Card Asset-Backed Securities,” Salomon Smith Barney guide to mortgage-backed and asset-backed securities, John Wiley, 2001.
[25] Karr, R., Richter, G., Shook, R.J., and Tasi, L., “Credit-Card Receivables,” Asset Backed Securities, FJF Associates, 1996.
[26] Kravitt, J. and Seifman, J., “Identifying Legal, Acocunting and Related Issues,” Securitization of Financial Assets, 2nd ed., Aspen Law & Business, 1997.
[27] Rosenblatt, M., and Johnson, J., “Securitization Accounting under FASB 140: The Standard Formerly Known as FASB 125,” Deloitte & Touche, 2001.
[28] Shaw, G. M., and Bonsall, D. C., “Securities Regulation, Due Diligence abd Disclosure- US and UK Aspects,” Asset Securitization, Blackwell, 1991.
[29] Shaw, Z., “Credit Enhancement and Cash Flow Analysis,” Securitization, Euromoney Publications, 1996.
[30] Shaw, Z., “Structural Risk and Innovations,” Securitization, Euromoney Publications, 1996.
[31] Standard and Poor’s, “ Credit Card Criteria,” Standard and Poor’s Website, 2002.
[32] Standard and Poor’s, “Rating Reports of G&M Finance Ltd.,” Standard and Poor’s Website, 2003.
[33] Standard and Poor’s, “BankRatings Guide,” Standard and Poor’s, Mar. 2004.
Chinese References:
[1] 王文宇，「資產證券化之交易架構與考量因素」，法令月刊，53 卷11 期，2002年 11月。
[2] 王文宇，「資產證券化法制之基本問題研析」，月旦法學雜誌，88 期，2002年 9月。
[3] 中華信用評等公司，萬泰商業銀行喬治瑪麗現金卡債權2003年證券化特殊目的信託評等報告，中華信用評等公司，2003年12月。
[4] 尤英夫，「金融資產證券化條例通過後引言」，全國律師月刊，6 卷8 期，2002年 8月。
[5] 尤英夫、楊明廣，「談金融資產證券化條例中的「特殊目的公司」」，全國律師月刊，6 卷8 期，2002年 8月。
[6] 李新穎，「台灣推行金融資產證券化之展望」，電工資訊，143 期，2002年 11月。
[7] 李樑堅、劉坤霖及謝企榮，國內信用卡功能構面及品質服務之研究，台灣銀行季刊，第50期3卷，1999年。
[8] 李日寶 ，「國內外證券化市場之發展、運作方式及相關實例分析」，證券暨期貨管理雜誌 ，21卷 10期，2003年 10月。
[9] 洪文興、黃建森、歐仁和 ，「台灣地區金融資產證券化問題研究 」，信用合作季刊 ，78期，2003年 10月。
[10] 林倬仲 ，「國內金融資產證券化發展之現況及探討 」，今日合庫，29卷 10期，2003年 10月。
[11] 林志吉，「我國金融資產證券化之法律設計」，全國律師月刊，6 卷8 期，2002年 8月。
[12] 林志吉，「金融資產證券化及其法律機制之探討」，臺灣金融財務季刊，3 卷3 期，2002年 9月。
[13] 邱奕德，「金融資產證券化--銀行業者的商機與挑戰」，全國律師月刊，6 卷8 期，2002年 8月。
[14] 吳光雄，「用評等機構將如何在金融資產證券化中扮演其角色」，全國律師月刊，6 卷8 期，2002年 8月。
[15] 范碧珍，卡多? 卡好? 卡通--台灣信用卡使用狀況調查 ，突破雜誌，184期，2000年11月。
[16] 陳萬金，「金融資產證券化對整體金融市場之影響」，臺灣金融財務季刊，3 卷3 期，2002年 9月。
[17] 陳文達、李阿乙、廖賢興，「資產證券化-理論與實務」，智勝出版，2002年8月。
[18] 湯宗益、張紹勳，台灣地區信用卡消費行為之研究，台灣銀行季刊，50卷1期，1999年3月。
[19] 楊清芬、魏政祥，「從創始機構角度論資產證券化與公司理財」，臺灣金融財務季刊，3 卷3 期，2002年 9月。
[20] 張淑華，「論金融資產證券化條例之信託監察人規定」，全國律師月刊，6 卷8 期，2002年 8月。
[21] 鄒筱涵，「金融資產證券化商品之公開招募簡介」，證券暨期貨管理雜誌，21 卷1 期，2003年1月。
[22] 賴源河，「金融資產證券化條例簡介」，臺灣本土法學，41 期，2002年12月。
[23] 儲蓉，「金融資產證券化中的導管機構--特殊目的信託與特殊目的公司之論述」，證券公會季刊，1 卷4 期，日期: 2002年 12月。
[24] 殷乃平，「略論金融資產證券化問題」，建華金融季刊，19 期，2002年 9月。
[25] 儲蓉，「信用卡應收帳款證券化」，臺灣金融財務季刊，3 卷3 期，2002年 9月。
[26] 劉萬基，「金融資產證券化條例之債權讓與對抗制度」，全國律師月刊，6 卷8 期，2002年 8月。
[27] 蔡進財，「金融資產證券化受益證券, 不受存款保險之保障」，全國律師月刊，6 卷8 期，2002年 8月。
[28] 廖世昌，「淺論保險業於金融資產證券化得扮演的角色」，全國律師月刊，6 卷8 期，2002年 8月。
[29] 廖如陽，「金融資產證券化之架構及租稅規定」，全國律師月刊，6 卷8 期，2002年 8月。
[30] 謝福源，「跨國資產證券化相關法律議題之研究 」，法律評論，69卷 10期，2003年 12月 。
[31] 劉萬基 ，「金融資產證券化條例受託機構地位之分析 」，臺灣金融財務季刊 ，4卷 4期，2003年 12月。
[32] 黃金澤，「我國會計準則與國際接軌之挑戰-以金融商品之會計處理為例」，資誠之友網站，資誠會計師事務所，2003年4月。
[33] 黃金澤 ，「金融資產證券化之會計處理」，
[34] 廖麗娟 ，「從會計與稅務面探討資產證券化--真實買賣之認定對保障投資的影響」，中國稅務旬刊，1874期，2003年 10月。
[35] 劉其昌 ，「金融資產證券化條例稅捐優惠條款剖析 」，中國稅務旬刊，1859期，2003年 5月
[36] 戴興鉦、許祺昌、廖庭璉，「金融資產證券化之扣繳問題解析」，中國稅務旬刊 ，1855期，2003年 4月。
[37] 鄭廳宜，信用卡受信審核之實證研究，朝陽大學財務金融系碩士班碩士論文，1999年6月。
描述 碩士
國立政治大學
經濟研究所
91258001
92
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0091258001
資料類型 thesis
dc.contributor.advisor 廖咸興zh_TW
dc.contributor.advisor Liao, Hsien-Hsingen_US
dc.contributor.author (Authors) 趙振宏zh_TW
dc.contributor.author (Authors) Chao, Chen-Hungen_US
dc.creator (作者) 趙振宏zh_TW
dc.creator (作者) Chao, Chen-Hungen_US
dc.date (日期) 2003en_US
dc.date.accessioned 18-Sep-2009 15:54:25 (UTC+8)-
dc.date.available 18-Sep-2009 15:54:25 (UTC+8)-
dc.date.issued (上傳時間) 18-Sep-2009 15:54:25 (UTC+8)-
dc.identifier (Other Identifiers) G0091258001en_US
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/35742-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 經濟研究所zh_TW
dc.description (描述) 91258001zh_TW
dc.description (描述) 92zh_TW
dc.description.abstract (摘要) Three decades ago, the first securitization product was introduced to the investing public in the United States by federal agencies and similar products showed up in Taiwan in 2002. It is a brand new concept for investors in Taiwan and material differences between the west and the east should be considered thoroughly.

This research focus on must-knows and critical techniques of securitization of credit card receivables in Taiwan. The researcher discovered that, the competitiveness of originators is one crucial factor for credit card securitization to survive during serious conditions. Without the ability to refill declining credit card receivables in asset pool of securitization transactions, early amortization will be triggered and that’s where case closed.

Cash flow forecasting model is another important player in credit card securitization. By predicting future cash flows needed and generated, originators can reap the most profit. However, the variables in this magic model are not easy to find. Through multiple analyses and one simulated case, the researcher found that the most important factors are yield rate, loss rate, repurchase rate, and monthly payment rate.		zh_TW
dc.description.abstract (摘要) Three decades ago, the first securitization product was introduced to the investing public in the United States by federal agencies and similar products showed up in Taiwan in 2002. It is a brand new concept for investors in Taiwan and material differences between the west and the east should be considered thoroughly.

This research focus on must-knows and critical techniques of securitization of credit card receivables in Taiwan. The researcher discovered that, the competitiveness of originators is one crucial factor for credit card securitization to survive during serious conditions. Without the ability to refill declining credit card receivables in asset pool of securitization transactions, early amortization will be triggered and that’s where case closed.

Cash flow forecasting model is another important player in credit card securitization. By predicting future cash flows needed and generated, originators can reap the most profit. However, the variables in this magic model are not easy to find. Through multiple analyses and one simulated case, the researcher found that the most important factors are yield rate, loss rate, repurchase rate, and monthly payment rate.		en_US
dc.description.tableofcontents Contents
Chapter 1 Introduction 1
Chapter 2 Overview of Credit Card ABS
2.1 Taiwan Credit Card Market Snapshot 7
2.1.1 History 7
2.1.2 Credit Card Market Today 7
2.1.3 Domestic Issuers in Taiwan 10
2.2 Credit Card ABS 101 11
2.2.1 Trust types 11
2.2.2 Credit enhancement 13
2.2.3 Life cycle 16
2.2.4 Early amortization 18
2.3 Securitization as an Alternative Fund Source of Credit Card Business 20
2.3.1 Why Securitize? 20
2.3.2 Whole Loan Sales V.S. Securitization 20
2.3.3 Secured Financing V.S. Securitization 22
2.3.4 What’s Good for Credit Card Issuers to Securitize? 22
2.4 Credit Card ABS Update 24
2.4.1 U.S. Credit Card ABS Overview 24
2.4.2 Taiwan Legislative Update 25
Chapter 3 General Environment for Securitization in Taiwan
3.1 Legal Environment and Tax Treatment 27
3.1.1 Financial Asset Securitization Regulations 27
3.1.2 Related Issues and Explanations and Orders from Government Authority 33
3.1.3 Tax Treatment 34
3.2 Accounting Principles 37
3.2.1 Derecognization 38
3.2.2 Accounts Adjustment 41
3.2.3 Combined Financial Statements 41
Chapter 4 Designing Credit Card ABS
4.1 Asset Selection 45
4.1.1 Key Variables of receivables 45
4.1.2 Issuer 49
4.2 Getting Desired Ratings 54
4.2.1 Optimal Credit Enhancement for Credit Card Receivables Securitization 55
4.2.2 Cash Flow Stress Test 61
4.2.3 Rating Surveillance 63
4.2.4 Rating Report of Cosmos Bank’s George & Mary Cash Card Securitization 64
Chapter 5 A Simulated Case
5.1 Assumptions and Transaction Terms Description 66
5.1.1 Originator and Its Credit Card Receivables 66
5.1.2 The Trust and Transaction Details 69
5.1.3 Tranches 71
5.1.4 Credit Enhancements 76
5.2 Cash Flow Stress Test 78
5.2.1 General Guidelines for Cash Flow Stress Test 78
5.2.2 Base Case Cash Flow 81
5.2.3 Simulated Results of Superior Note 85
5.2.4 Simulated Results of Senior Note 95
5.3 Conclusions 105
Chapter 6 Conclusions and Recommendations 107
References		zh_TW
dc.format.extent 76712 bytes-
dc.format.extent 165112 bytes-
dc.format.extent 102857 bytes-
dc.format.extent 220287 bytes-
dc.format.extent 391409 bytes-
dc.format.extent 56377 bytes-
dc.format.extent 129039 bytes-
dc.format.mimetype application/pdf-
dc.format.mimetype application/pdf-
dc.format.mimetype application/pdf-
dc.format.mimetype application/pdf-
dc.format.mimetype application/pdf-
dc.format.mimetype application/pdf-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0091258001en_US
dc.subject (關鍵詞) 證券化zh_TW
dc.subject (關鍵詞) Credit Card ABSen_US
dc.title (題名) Designing Credit Card ABS in Taiwanzh_TW
dc.type (資料類型) thesisen
dc.relation.reference (參考文獻) English Referenceszh_TW
dc.relation.reference (參考文獻) [1] Asiamoney, “And the winners are...,” Asiamoney, Feb. 2004.zh_TW
dc.relation.reference (參考文獻) [2] Audino, D., “The Rating Agency Approach to Credit Risks,” Securitization, Euromoney Publications, 1996.zh_TW
dc.relation.reference (參考文獻) [3] BOMA, “Credit Card Statistics,” Bureau of Monetary Affairs Website.zh_TW
dc.relation.reference (參考文獻) [4] Bhattacharya, A. K., “Early Amortization Triggers,” Asset Backed Securities, FJF Associates, 1996.zh_TW
dc.relation.reference (參考文獻) [5] CSFB, “Credit Card Performance Overview,” CSFB Website, 2004.zh_TW
dc.relation.reference (參考文獻) [6] Dean, M. R., Howard, D. R., and Mrazek, C., “CIA Secrets Unveiled II,” Fitch Ratings Website, 1997.zh_TW
dc.relation.reference (參考文獻) [7] Deloitte, “Financial Instruments: Recognition and Measurement,” Deloitte Web Site, 2004.zh_TW
dc.relation.reference (參考文獻) [8] DiMartino, P., and Kane, M. E., “A Fresh Look at Credit Card Subordinate Classes,” Salomon Smith Barney guide to mortgage-backed and asset-backed securities, John Wiley, 2001.zh_TW
dc.relation.reference (參考文獻) [9] Euroweek, “Cosmos brings Taiwan`s first international ABS,” Euroweek, Dec. 19, 2003.zh_TW
dc.relation.reference (參考文獻) [10] Financial Accounting Standards Board, FASB 140 Study, FASB Web Site, 2001.zh_TW
dc.relation.reference (參考文獻) [11] Fabozzi, F. J., “Securities Backed by Credit Card Receivables,” The Handbook of Fixed Income Securities, 6th ed., McGraw-Hill, 2000.zh_TW
dc.relation.reference (參考文獻) [12] Fitch Ratings, “Credit Card C-Piece Secrets,” Fitch Ratings Website, 2001.zh_TW
dc.relation.reference (參考文獻) [13] Furletti, M., “An Over View of Credit Card Asset-Backed Securities,” Discussion Paper of Payment Cards Center, Federal Reserve Bank of Philadelphia, 2002.zh_TW
dc.relation.reference (參考文獻) [14] Fitch Ratings, “Credit Card ABS Midyear Review and Update,” Fitch Ratings Website, 2003.zh_TW
dc.relation.reference (參考文獻) [15] Fitch Ratings, “Credit Card ABS Prepayment Risk,” Fitch Ratings Website, 2003.zh_TW
dc.relation.reference (參考文獻) [16] Fitch Ratings, “ABCs of Credit Card ABS,” Fitch Ratings Website, 2001.zh_TW
dc.relation.reference (參考文獻) [17] Fabozzi, F. J., “Credit Card C-Pieces” Handbook of Structured Financial Products, John Wiley & Sons, 1998.zh_TW
dc.relation.reference (參考文獻) [18] Fabozzi, F. J., “Credit Card Asset-Backed Securities,” Handbook of Structured Financial Products, John Wiley & Sons, 1998.zh_TW
dc.relation.reference (參考文獻) [19] Fabozzi, F. J., Issuer Perspective on Securitization, FJF Association, 1998.zh_TW
dc.relation.reference (參考文獻) [20] Hsieh, T., “Credit Card Asset-Backed Securities—Market, Structure, and Product Design,” dissertation, 2002.zh_TW
dc.relation.reference (參考文獻) [21] Huang, H. M., “A Study of The Credit Card Receivable-Backed Securitization,” dissertation, 2002.zh_TW
dc.relation.reference (參考文獻) [22] Hsu, L., and Mohebbi, C., “Credit Enhancement in ABS Structures,” Asset Backed Securities, FJF Associates, 1996.zh_TW
dc.relation.reference (參考文獻) [23] Henderson, J., Asset Securitization: Current Techniques and Emerging Market Applications, ING Barings, 1997.zh_TW
dc.relation.reference (參考文獻) [24] Jablanksy, P., Thompson, R. E. Jr., “Class C Notes: Opening the Next Frontier in Credit Card Asset-Backed Securities,” Salomon Smith Barney guide to mortgage-backed and asset-backed securities, John Wiley, 2001.zh_TW
dc.relation.reference (參考文獻) [25] Karr, R., Richter, G., Shook, R.J., and Tasi, L., “Credit-Card Receivables,” Asset Backed Securities, FJF Associates, 1996.zh_TW
dc.relation.reference (參考文獻) [26] Kravitt, J. and Seifman, J., “Identifying Legal, Acocunting and Related Issues,” Securitization of Financial Assets, 2nd ed., Aspen Law & Business, 1997.zh_TW
dc.relation.reference (參考文獻) [27] Rosenblatt, M., and Johnson, J., “Securitization Accounting under FASB 140: The Standard Formerly Known as FASB 125,” Deloitte & Touche, 2001.zh_TW
dc.relation.reference (參考文獻) [28] Shaw, G. M., and Bonsall, D. C., “Securities Regulation, Due Diligence abd Disclosure- US and UK Aspects,” Asset Securitization, Blackwell, 1991.zh_TW
dc.relation.reference (參考文獻) [29] Shaw, Z., “Credit Enhancement and Cash Flow Analysis,” Securitization, Euromoney Publications, 1996.zh_TW
dc.relation.reference (參考文獻) [30] Shaw, Z., “Structural Risk and Innovations,” Securitization, Euromoney Publications, 1996.zh_TW
dc.relation.reference (參考文獻) [31] Standard and Poor’s, “ Credit Card Criteria,” Standard and Poor’s Website, 2002.zh_TW
dc.relation.reference (參考文獻) [32] Standard and Poor’s, “Rating Reports of G&M Finance Ltd.,” Standard and Poor’s Website, 2003.zh_TW
dc.relation.reference (參考文獻) [33] Standard and Poor’s, “BankRatings Guide,” Standard and Poor’s, Mar. 2004.zh_TW
dc.relation.reference (參考文獻) Chinese References:zh_TW
dc.relation.reference (參考文獻) [1] 王文宇，「資產證券化之交易架構與考量因素」，法令月刊，53 卷11 期，2002年 11月。zh_TW
dc.relation.reference (參考文獻) [2] 王文宇，「資產證券化法制之基本問題研析」，月旦法學雜誌，88 期，2002年 9月。zh_TW
dc.relation.reference (參考文獻) [3] 中華信用評等公司，萬泰商業銀行喬治瑪麗現金卡債權2003年證券化特殊目的信託評等報告，中華信用評等公司，2003年12月。zh_TW
dc.relation.reference (參考文獻) [4] 尤英夫，「金融資產證券化條例通過後引言」，全國律師月刊，6 卷8 期，2002年 8月。zh_TW
dc.relation.reference (參考文獻) [5] 尤英夫、楊明廣，「談金融資產證券化條例中的「特殊目的公司」」，全國律師月刊，6 卷8 期，2002年 8月。zh_TW
dc.relation.reference (參考文獻) [6] 李新穎，「台灣推行金融資產證券化之展望」，電工資訊，143 期，2002年 11月。zh_TW
dc.relation.reference (參考文獻) [7] 李樑堅、劉坤霖及謝企榮，國內信用卡功能構面及品質服務之研究，台灣銀行季刊，第50期3卷，1999年。zh_TW
dc.relation.reference (參考文獻) [8] 李日寶 ，「國內外證券化市場之發展、運作方式及相關實例分析」，證券暨期貨管理雜誌 ，21卷 10期，2003年 10月。zh_TW
dc.relation.reference (參考文獻) [9] 洪文興、黃建森、歐仁和 ，「台灣地區金融資產證券化問題研究 」，信用合作季刊 ，78期，2003年 10月。zh_TW
dc.relation.reference (參考文獻) [10] 林倬仲 ，「國內金融資產證券化發展之現況及探討 」，今日合庫，29卷 10期，2003年 10月。zh_TW
dc.relation.reference (參考文獻) [11] 林志吉，「我國金融資產證券化之法律設計」，全國律師月刊，6 卷8 期，2002年 8月。zh_TW
dc.relation.reference (參考文獻) [12] 林志吉，「金融資產證券化及其法律機制之探討」，臺灣金融財務季刊，3 卷3 期，2002年 9月。zh_TW
dc.relation.reference (參考文獻) [13] 邱奕德，「金融資產證券化--銀行業者的商機與挑戰」，全國律師月刊，6 卷8 期，2002年 8月。zh_TW
dc.relation.reference (參考文獻) [14] 吳光雄，「用評等機構將如何在金融資產證券化中扮演其角色」，全國律師月刊，6 卷8 期，2002年 8月。zh_TW
dc.relation.reference (參考文獻) [15] 范碧珍，卡多? 卡好? 卡通--台灣信用卡使用狀況調查 ，突破雜誌，184期，2000年11月。zh_TW
dc.relation.reference (參考文獻) [16] 陳萬金，「金融資產證券化對整體金融市場之影響」，臺灣金融財務季刊，3 卷3 期，2002年 9月。zh_TW
dc.relation.reference (參考文獻) [17] 陳文達、李阿乙、廖賢興，「資產證券化-理論與實務」，智勝出版，2002年8月。zh_TW
dc.relation.reference (參考文獻) [18] 湯宗益、張紹勳，台灣地區信用卡消費行為之研究，台灣銀行季刊，50卷1期，1999年3月。zh_TW
dc.relation.reference (參考文獻) [19] 楊清芬、魏政祥，「從創始機構角度論資產證券化與公司理財」，臺灣金融財務季刊，3 卷3 期，2002年 9月。zh_TW
dc.relation.reference (參考文獻) [20] 張淑華，「論金融資產證券化條例之信託監察人規定」，全國律師月刊，6 卷8 期，2002年 8月。zh_TW
dc.relation.reference (參考文獻) [21] 鄒筱涵，「金融資產證券化商品之公開招募簡介」，證券暨期貨管理雜誌，21 卷1 期，2003年1月。zh_TW
dc.relation.reference (參考文獻) [22] 賴源河，「金融資產證券化條例簡介」，臺灣本土法學，41 期，2002年12月。zh_TW
dc.relation.reference (參考文獻) [23] 儲蓉，「金融資產證券化中的導管機構--特殊目的信託與特殊目的公司之論述」，證券公會季刊，1 卷4 期，日期: 2002年 12月。zh_TW
dc.relation.reference (參考文獻) [24] 殷乃平，「略論金融資產證券化問題」，建華金融季刊，19 期，2002年 9月。zh_TW
dc.relation.reference (參考文獻) [25] 儲蓉，「信用卡應收帳款證券化」，臺灣金融財務季刊，3 卷3 期，2002年 9月。zh_TW
dc.relation.reference (參考文獻) [26] 劉萬基，「金融資產證券化條例之債權讓與對抗制度」，全國律師月刊，6 卷8 期，2002年 8月。zh_TW
dc.relation.reference (參考文獻) [27] 蔡進財，「金融資產證券化受益證券, 不受存款保險之保障」，全國律師月刊，6 卷8 期，2002年 8月。zh_TW
dc.relation.reference (參考文獻) [28] 廖世昌，「淺論保險業於金融資產證券化得扮演的角色」，全國律師月刊，6 卷8 期，2002年 8月。zh_TW
dc.relation.reference (參考文獻) [29] 廖如陽，「金融資產證券化之架構及租稅規定」，全國律師月刊，6 卷8 期，2002年 8月。zh_TW
dc.relation.reference (參考文獻) [30] 謝福源，「跨國資產證券化相關法律議題之研究 」，法律評論，69卷 10期，2003年 12月 。zh_TW
dc.relation.reference (參考文獻) [31] 劉萬基 ，「金融資產證券化條例受託機構地位之分析 」，臺灣金融財務季刊 ，4卷 4期，2003年 12月。zh_TW
dc.relation.reference (參考文獻) [32] 黃金澤，「我國會計準則與國際接軌之挑戰-以金融商品之會計處理為例」，資誠之友網站，資誠會計師事務所，2003年4月。zh_TW
dc.relation.reference (參考文獻) [33] 黃金澤 ，「金融資產證券化之會計處理」，zh_TW
dc.relation.reference (參考文獻) [34] 廖麗娟 ，「從會計與稅務面探討資產證券化--真實買賣之認定對保障投資的影響」，中國稅務旬刊，1874期，2003年 10月。zh_TW
dc.relation.reference (參考文獻) [35] 劉其昌 ，「金融資產證券化條例稅捐優惠條款剖析 」，中國稅務旬刊，1859期，2003年 5月zh_TW
dc.relation.reference (參考文獻) [36] 戴興鉦、許祺昌、廖庭璉，「金融資產證券化之扣繳問題解析」，中國稅務旬刊 ，1855期，2003年 4月。zh_TW
dc.relation.reference (參考文獻) [37] 鄭廳宜，信用卡受信審核之實證研究，朝陽大學財務金融系碩士班碩士論文，1999年6月。zh_TW