| Summary: | 碩士 === 中原大學 === 會計研究所 === 92 === Facing an open international financial system, most of financial institutions have started business innovation and development of financial instruments. Such trend also motivated the economy of Taiwan to advance by leaps and bounds and Taiwan government began to put emphasis on related financial regulations and package policies. Securitization of financial institution assets became the first major step in the process of domestic financial innovation. Most of the financial institutions used to follow typical practice; i.e., deposits and loans were their major business source. For capital reapplication, fund raising was confined to the money market and the capital market only. Securitization of financial institution assets was quite strange to them at that time. However, this system has been implemented in America and other countries for many years. Confronting the conflicts on the market and increasing capital cost, financial institutions have to reapply their assets as their major capital source on the financial market currently.
Individual banks begin to invest in new efforts on financial innovation in such a financial environment, including developing new business items and learning from the experiences of foreign investment banks. Financial institution asset securitization becomes a main learning subject. Due to incomplete law and insufficient communiqué principles in the accounting system, implementation of financial institution asset securitization is quite difficult. As a result, analysis of the whole process of financial institution asset securitization was conducted, an optimum choice of creditor’s right tendering was made in accordance with the transaction structure and accounting principles and experiences of European countries, America and Japan were referred in this research. Besides, Communique No. 140 proclaimed by Financial Accounting Standards Board of the U.S. and Communique No. 39 of the international accounting standards were based for the establishment of the accounting system in Taiwan. Meanwhile, accounting issues occurred during the process of financial institution asset securitization were discussed for improvement in the future.
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