ABS financing mode is a securitization financing mode supported by project assets, that is, based on the assets owned by the project and guaranteed by the expected income of the project assets, financing is carried out by issuing bonds in the capital market.
During the loan period, the borrower has temporary cash flow difficulties, which makes it impossible to repay the loan principal on schedule and meets the conditions stipulated in the extension period. Under normal circumstances, the borrower applies to the loan bank for extension 30 working days in advance.
Example:
Some media reported the production period plan of Aoyuan products. There are three products * * * that need to be extended, namely, zhongshan securities Qianhai Rongtong Commercial Factoring Co., Ltd. 202 1, Aoyuan Group Supply Chain Accounts Payable Oriented Asset Support Bill, Ping An-Aoying Supply Chain Finance 1, 1,-Ultron Phase II Asset Support Special Plan, and the outstanding principal balance is15.65433.
The plan shows that these three products will be extended for one year, and the expected annualized income will remain unchanged during the extension period. The Olympic Garden will be paid in three installments, the time node is the original due date 10%, and after 30 days' delay 10%, the remaining 80% will be paid in one lump sum.