Corbett: Finance leasing and securitization are the innovative directions of the

2012-08-30

 

2012 Lujiazui Financial Forum was held from June 28 to 30 in Shanghai. The Vice-president of Swiss Reinsurance Corbett expressed on the “New Development of Shipping Finance” Sub-forum held on the 30th day that, a financing mode in addition to the bank loan shall be discovered for the shipping industry. The disintermediation of the credit is a feasible choice and the finance leasing and securitization are the innovative directions of the shipping finance.

He expressed that the shipping industry shall find other financing modes, and disintermediation of the credit is a feasible choice. The bank builds structural transactions for investors such as the insurance company or insurance fund. For instance, TK Corporation is the largest marine energy transportation and leasing company in the world. It has rented several oil tankers and the long-term leasing is suitable for long-term development. The securitization is also a feasible choice. Bank of Paris cooperated with the credit financial institution, and raised the capital of 0.425 billion dollars by selling securities to American investors. Since the content of stock right is high in the investment by establishing fictitious capital VC, the private sector may play an important role.

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