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【科普】正在处置变现中的资产包,每一个都来之不易

发布时间:2018-11-15来源:欢乐合家
<p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">最近这几天,债权人办公室开放了,前来查阅资料的投资人很多,很多投资人对资产包相关的专业内容提出了一些问题,例如,不良资产收包是怎么收的?又是怎么处置的?</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">在这里,小助手恶补了一些不良资产相关的功课,上次给大家讲解过处置回款这件事,这几天又跟着收购团队的大大,努力学习了不良资产收包的过程。</span><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">整个不良资产的收包和处置,我们做过一张图,各个流程一目了然。今天说说前半段——收包。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><br/><br/></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">/ 资产清单,我们最初的信息来源</span></strong></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></strong></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">东融只收金融机构的不良资产。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">怎么样才算金融机构呢?例如银行、资产管理公司这类有金融机构牌照的机构。其他一些非金融机构主体持有的不良资产包,称之为非金不良,从控制风险和保证资产质量的双重角度考虑,这一类我们是不要的。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">金融机构不良资产清单不是见人都能给的,首先要成为合作伙伴,有明确的参与意向,有合格的处置能力、处置经验、资金实力,达到了一定标准之后,签完保密协议,这些机构才会给你资产清单。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">我们的收购团队,在行业内也算小有名气,渠道资源充分,一直能获得大量的资产包信息。海量的资产信息清单中,收购团队会根据几个标准做初步筛选。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">筛选的标准包括:资产包的规模、抵押物所在区域、抵押物类型、抵押物的变现灵活度、案件进展、司法情况、预计回收周期等,结合众多因素做一个大致的价格预判后,再确定是否参与尽调。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;">/&nbsp;</span>尽职调查和评估,我们对资产包的自信来自这里</span></strong></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></strong></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">初筛之后就是尽职调查,这是整个收包环节里非常重要的一部分,能让我们自己最真实地了解这个资产包,从而做出交易决策。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">尽调分为前场尽调和后场尽调两部分。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">前场尽调主要由专业律所完成,律师会查验这个资产包的各种基础资料、借款合同、抵押合同、权证等等,并根据这些案头信息出具专业的法律尽职调查报告。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">后场尽调相对复杂,需要由我们收购部门的项目经理和专业的评估公司共同完成。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">后场尽调需要去到现场实地考察。查勘抵押物、约谈债务人、保证人、走访法院、律师、房管、税务等等,只要和资产及案件相关的,都会想方设法联系和拜访。只有弄清每一户债权的真实情况,在后期才能更准确地判断它的价值。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">后场尽调在具体操作上非常复杂,得能判断资产的基础价值,得懂法律,预判之后处置的难度,也得聪明智慧有技巧,能找到合适的人了解到相关的真实情况。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">我们目前手上的每一个资产包,都是收购部小伙伴一个包一个包脚踏实地地调研回来的。尽职调查对我们而言,其实是对即将收购的资产的摸底和了解,这当中经验很重要,智慧和努力也必不可少,尽调越详细,底气就越足。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">/ 定价,技巧和奥妙都体现在这里</span></strong></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></strong></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">&nbsp;定价是收包中的一个决定性因素。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">因为银行及AMC的资产包都是公开转让,如何以较低的价格又能最大化提高中标的概率,这就是定价的奥妙及技术含量所在。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">需要结合很多因素综合判断,律所的法律尽调报告、评估公司的专业评估报告、项目经理的独立尽调报告、现场走访情况的综合分析、案件处置的现状、未来处置周期的评估、未来案件处置方式的预判、整体经济趋势和行业趋势的判断,以及竞争情况等等,以上众多因素综合起来,才能得出对这个标的的定价。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">目前东融收包团队的专业水平和业务能力,在行业里都还是占有一定优势的。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">/ 竞拍,不是所有做过尽调的资产包都能买下来</span></strong></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></strong></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">竞拍,也就是投标,基本上是收包环节的最后一步。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">一般在我们缴纳保证金后参与投标。投标失败,退回保证金;投标成功,视资产包的交易结构和出让方的不同,判断是否需要二次交易。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">简单来说就是,如果你买的是AMC的存量资产包,则投标成功,这个包就是你的了;如果你是通过AMC作为通道方去收购银行的资产包,那么先由银行将资产包出售给AMC,再由AMC通过公开方式出售给你,需要两次交易你才能拿到这个资产包。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;"><br style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"/></span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">资产包收购成功后,基本上就进入处置环节了。</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, " helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">&nbsp;</span></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; min-height: 1em; color: rgb(51, 51, 51);" helvetica="" pingfang="" hiragino="" sans="" microsoft="" yahei="" font-size:="" font-variant-numeric:="" font-variant-east-asian:="" letter-spacing:="" line-height:="" text-align:="" white-space:="" widows:="" background-color:="" box-sizing:="" border-box="" overflow-wrap:="" break-word=""><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 15px;">目前主流的处置方式,大致上分商业处置和司法处置,商业处置时间短,司法处置时间周期相对较长。目前东融手里的全部资产包,将主要通过司法处置来进行。关于处置方面更详细的内容,小助手还得再学习学习,稍后再给大家奉上课堂笔记。</span></p>