Peer-to-peer platform in a dilemma, where is the way out?

January 21 News, one side is the temptation of scale, one side is the risk is frequent, channel business let many Peer-to-peer platform into a dilemma.


 


in the industry, the channel business does exist some risks, but is not unable to do, to see the operating mode of each platform, with the aid of similar asset securitization model has gradually aroused concern in the industry.


 


Palm Tree CEO Hongzihua believes that securitization operations, the core of the exchange listing is right, and if the assets are flawed, the exchange may also ask to join the guarantee company to increase the letter. In addition, the registration and confirmation of financial assets through trading platform may be a way of sunshine of future channel business.


 


has a platform for the exploration of securitization it is understood that some Peer-to-peer platform has begun to explore new ways to carry out business, such as through the exchange listing, to carry out the transfer of the right of return.


 


such as Guangzhou's Peer-to-peer platform Ppmoney, its "secure surplus" series of projects, where all the projects corresponding assets are listed on the exchange.


 


to "" stable surplus "small loan assets Equity Project ASZ150118009XL" as an example, the project corresponds to the "Jinzhong Silver Fung SME Small Loan Co., Ltd. custody registered in Shanxi Equity Trading center, numbered Silver Fung 001" of a product, the company's assets package as " The managed credit Asset package includes a total of 5 outstanding claims, and all claims involve a balance of about $12.5 million. ”


 


According to the Shanxi Equity Trading center of Information, Silver Fung 001 product period of 6 months, the amount of 10 million yuan, January 6 to complete the transaction.


 


In addition, Ppmoney platform data show that the platform's products are also listed in the Shenzhen Stock Exchange, Guangzhou Gold Exchange.


 


Ppmoney general Manager Hu said that they are mainly to find quality small loans companies, the quality of the asset packaging, and then in the financial assets exchange for the record, after the exchange listing, then to pick up the card. In this process, both the asset end and the capital end are completed through the Ppmoney platform, at the same time, when the card is delisted, through a third-party factoring company to complete, and then transfer on the platform.


 


a financial assets exchange Personage tells a reporter, on the exchange carries on the listing mainly is the creditor's rights affirmation, the creditor's rights registration and the trusteeship, may avoid the creditor's rights many transfers, confirms the creditor's rights authenticity and uniqueness.


 


Hongzihua said that the registration and confirmation of financial assets through the trading platform might be a way for the future of the channel business to shine, and there could be a lot of market space.


 


the problem of large-scale promotion Hongzihua also believes that the key to asset securitization is to have an isolation mechanism, then information transparency, peer-to-peer institutions can also learn this model, in the future, may consider the establishment of a special similar to the current bond Transfer Registration center, to do peer-to-peer transfer registration.


 


in the industry's view, although this type of securitization listed on the exchange in the mode of operation and increase the letter has advantages, but the platform for large area, there are still some problems.


 


Qianjin Deputy General manager Liang that channel business through the financial assets exchange such operations will be better, at least the project is screened, and the authenticity of the project can be guaranteed, but in practice, many Peer-to-peer platform to find a relatively small number of quality projects, spreads space is not small, and (through) the Exchange ( This means that the benefits are not high relative to the Peer-to-peer platform, so there are only a few big platforms to do it.


 


Hongzihua also believes that although the transfer of registration in the exchange, the future may be a major trend, but it is still difficult to do, the main reason is that the general listing may be relatively high-quality assets, through the exchange, and then through the Peer-to-peer platform, the yield should not be too high, and the current Peer-to-peer platform yields generally higher.


 


to Ppmoney project as an example, the platform issued a "" stable surplus "small loan assets Equity Project ASZ150119006" project corresponding to the product is in the Gannan Gold Exchange Center listed "Jinfeng 002", the product in the Gannan Gold Exchange Center listing yield of 10%, But the Ppmoney gives the income is "10%+1.5%" every year.


 


in this, Hu said, this is the company in its own marketing costs to subsidize the proceeds.


 


Exchange model requirements Higher Hu said, stable surplus products can be small loan company's stock assets to cash, is already existing assets. And the platform is also in partnership with other small lenders, put a single project up, do some incremental business, which also satisfies the small loan company temporary borrowing needs.


 


Hu also said that through the exchange is certainly the ideal way, but not all the assets can meet the requirements, therefore, sometimes the small loan companies can also use the separate business other ways to do, specifically or to see the platform operating mode and wind control capabilities.


 


generally speaking, peer-to-peer companies and small loans, guarantee companies and other institutions to cooperate in the channel business has two modes, one is the small loan company to package the assets to the Peer-to-peer platform, which may contain a lot of assets, the other is done according to the project, the corresponding project has corresponding assets.


 


Liang to reporters that the first business model because the asset package contains more assets, the risk may be relatively large; As for the second way, the platform can control the risk itself, but the operating cost will be relatively high.


 


in Liang's view, through the exchange of this model of the channel business Sunshine not all Peer-to-peer platform can do, however, can also adopt the second model, the small loan company's separate projects brought over to cooperate, the platform itself also pay attention to wind control, as far as possible to disclose more information, this way can also be the channel business sunshine.