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Renewal of Securitization Mechanism Using Blockchain Technologies
Bogucharskov Aleksandr Vladimirovich

post-graduate student of the Department of Financial Markets and Banks at Financial University under the Government of the Russian Federation

127015, Russia, Moskva, g. Moscow, ul. Butyrskaya, 79

bogucharskov92@mail.ru

Abstract.

The subject of the research is the economic relatins that arise in the process of implementing blockchain technologies for securitization of assets. At the present time low transparency and high complexity of the securitization mechanism as a result of the need in a great number of supporting documents generated by a lot of companies and agencies make it essential to apply blockchain technologies to this sphere. The author of the article describes the process of assets securitizaton and problems that may arise in the process of its implementation. The aim of the research is to study efficiency of blockchain technologies in the securitization process. To achieve this aim, the author has used such research methods as analysis, synthesis, generalisation and comparison. The author of the article offers his own model of a decentralized infrastructure of interaction during the securitization process that allows to find solutions of existing problems. This model can be applied to all kinds and stages of the securitization process. Such a decentralized infrastructure allows to reduce the time for document processing, transation costs and raise the level of the process transparency. The securitization process will become cheaper, more stable and efficient which will draw more interests of investors and allow emitents to find an integral solution of risk distribution tasks. 

Keywords: originator, SPV, loan pool, assets, smart contract, blockchain technology, securitization, investor, transactions, securities

DOI:

10.25136/2409-7802.2017.4.24784

Article was received:

24-11-2017


Review date:

21-11-2017


Publish date:

16-01-2018


This article written in Russian. You can find full text of article in Russian here .

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