Securitization is a complicated process.It is related with the sponsor, servicer, distributor, investment bank, credit enhancer, company of financing rating, supervisor of assets and investor.

• 资产证券化是一个复杂的系统工程，涉及到发起人、服务人、发行人、投资银行、信用提高机构、信用评级机构、资产管理人和投资者等。