Weak Peer-to-peer security capability

Absrtact: 10 net loan platform this year, the volume of turnover is mainly distributed between 400 million ~17 billion, some platform to take the platform of their own security model, while the rest of the platform to take the guarantee company security model [set up a guarantee company to guarantee customer principal and interest has become an industry flow

10 Net loan platform this year, the volume of turnover has been mainly distributed between 400 million ~17 billion, some platform to take the platform of their own security model, while the rest of the platform to take the guarantee of the company model

[The establishment of a guarantee company to guarantee customer principal and interest has become a popular practice in the industry. But Mike points out that not having a guarantee company is really able to guarantee the client's principal and interest.

In the first half of this year, Chongqing's relevant regulatory authorities punished the local 5 network loans Enterprises, and wrote a research report that the Chongqing local network loan platform "Low registered capital, limited security capacity, there are 2 institutions have capital extraction situation."

The first financial daily surveyed 10 Internet lending platforms across the country and found that there was a widespread problem of weak security capacity in the industry, with the exception of a few platforms.

Insiders say:

The guarantee company is just pretending.

"Many platforms pull up a guarantee company that is pretending. Mike, the head of a network loan platform, told the newspaper.

This is not only one or two network loan platform bias, but also the industry consensus. Previously, Chongqing local regulatory Department of the investigation report pointed out: "At present, Peer-to-peer network lending business is usually used to mortgage the assets of borrowers to intermediary agencies, by intermediaries to the social public security model, intermediary agencies issued a portion of the product starting amount of up to 1 million yuan, 5 intermediary agencies to investigate the findings, Its registered capital ranging from 3 million to 10 million yuan, but the annual trading volume of more than 80 million yuan, up to 500 million yuan, intermediary agencies registered capital low, limited security capacity, from the industrial and commercial inspection balance sheet, there are 2 institutions have capital extraction. ”

From the national scope, the security capacity is weak is the network loan industry widespread problem.

"The guarantee company to guarantee is in fact also is the net loan platform's last resort, the whole industry is very young, we currently can not find a better model than the guarantee." "Mutual benefit NET director Jiang Jianchun told reporters.

Early in the rise of domestic network lending, most platforms only serve as intermediary platform, do not promise capital preservation Pausi, but in this case, the platform is not to recruit investors. At this time, the Red Ridge venture to take the lead in the commitment for investors Capital preservation Pausi, and quickly to achieve billions of transactions. Since then, the promise of capital preservation Pausi into the industry's prevailing practice.

And how to do capital preservation Pausi, the industry has different practices, one is the platform itself guarantee; The second is the platform to extract the risk of money; the third is to cooperate with the guarantee company to guarantee, the third model is divided into the platform itself to set up a guarantee company and cooperation with Third-party guarantee company two situations.

The establishment of a guarantee company to guarantee customer principal and interest has become a popular practice in the industry. But Mike points out that not having a guarantee company can really guarantee the customer's principal and interest. "Look at the guarantee?" You see the problems of the platform also has the guarantee company cooperation, why still can't cash investor's money? Mike told reporters.

For example, Zhongcai online, a net-loan platform with prior payment risk, said: "The introduction of a number of powerful enterprises jointly set up a guarantee company, at the same time, the introduction of the province's most outstanding, most powerful, the credibility of the best guarantee company, which can greatly reduce the systemic risk." "But it turns out that the Zhongcai still has an issue of cashing.

Weak Peer-to-peer security capability

Reporters surveyed the industry 10 network loan platform, found that these platforms are generally inadequate security capacity. Since the vast majority of net-loan platforms do not disclose their loan balances, reporter according to the third party platform network to capture the transaction data to approximate calculation, 10 net loan platform this year, the volume of turnover is mainly distributed between 400 million ~17 billion, some platform to take the platform of their own security model, while the rest of the platform to take the guarantee company security model. The platform itself registered capital or guarantee company registered capital between 5 million yuan to 100 million yuan. One of the platforms, 808 credit, has reached 980 million in nearly a year and its registered capital is only 5 million yuan.

"Registered capital of water in fact very large, the market has a special intermediary to help enterprises to expand the registered capital, as long as the willing to spend some money, will be able to expand the company's registered capital." Although regulators have been cracking down on false capital increases this year, they have been repeatedly banned. Mike told reporters.

It is precisely because of the false injection of funds, many senior investors in the study platform, do not attach importance to this indicator. "We will think of other ways to investigate the boss's experience and background, and for registered capital, this is only a reference." "Net Loan house head Xu Hongwei told reporter.

In the current legal environment, both natural and legal persons can act as collateral. The assumption is that in the case of registered capital, how much registered capital can guarantee investor's fund security is also a complicated subject to be explored.

Take the cooperation of the financing guarantee Company and the bank and other financial institutions as an example, the guarantee company and the bank cooperate, the bank all require the guarantee party to provide a certain proportion of the guarantee balance, many banks request the cooperation guarantee Company to provide the full pledge. and the net loan platform to introduce the guarantee company, whether to ask the guarantee company to pay the security deposit, the guarantee gold proportion does not have the unified industry stipulation.

According to the interim measures for the management of financing guarantee companies, the balance of the financial security liability shall not exceed 10 times times of its net assets. A financial guarantee Company shall not exceed 10% of the net assets of the financial security liability provided by a single guarantor, and shall not exceed 15% of the net assets of the financial security liability provided by the individual guarantor and its related party.

If according to this standard, some platform's single loan target is more than 20 million yuan, only then sees one standard, its assets should be 20 million x10=2 billion. From the registered capital, it is clear that most platforms are weak. And some platform loan balance in 200 million ~3 billion yuan, its guarantee company assets should at least 20 million yuan to 30 million yuan.

"In addition to the guarantee of capital insufficiency, the guarantee principal and interest of the security company will also encounter the network loan platform and Guarantee company is affiliated companies and off-site security issues." Jiang Jianchun told reporters.

Reporter learned that most of the current guarantee companies and platforms are affiliated companies, the general model is the network loan platform to set up a guarantee company for their own guarantee.

Huang, director of the Institute of Financial Law at the Central University of Finance and Economics, pointed out that "self-preservation equals no insurance", and if it is an internal guarantee, it collapses.

"Most of the platforms were set up by themselves as a guarantee company to their platform to guarantee that we do not think this form is very useful, so we have adopted the practice of extracting risk funds." "Everyone loan President Li Xinho told reporters.