Port communicationApplied by Guangdong Non-performing Assets Disposal Company
Require
Disposal of non-performing assets，It refers to the comprehensive use of all means and methods within the scope of laws and regulations.，Activities to realize and enhance the value of assets。The scope of asset disposal can be divided into：Equity assets、Debt assets and real assets；Asset disposal methods are divided into excellent disposal and staged disposal based on asset realization.。
Excellent resolutions mainly include bankruptcy liquidation、auction、Tender、Agreement transfer、Discounts, etc.，Phased disposals mainly include debt-for-equity swaps、debt restructuring、Litigation and litigation preservation、Pay off debts with assets、Asset replacement、corporate restructuring、Real asset reinvestment perfection、Real asset rental、Asset restructuring、Real asset investment and other methods。
The pricing of non-performing assets is the most difficult，Although there are companies that use asset pricing models to do this，Still unwritten in practical application，Generally, industries determine based on experience，common sense transfer pricing rules：Guarantee your own profit of 30%，Reserve 30% for new buyers，The remaining 40% is used as cost、Loss (of course this is not a fixed standard)。
For example, a debt of 1 million principal，Based on known assets、According to the legal status and other past disposal experience, it is estimated that 800,000 can be recovered in cash.，Then the transfer price is usually set between 250,000 and 300,000.。Difficulty in pricing is also one of the spatial factors that make non-performing assets profitable.。According to special regulations for financial companies，Banks and other state-owned financial institutions cannot transfer individual bad debts in bulk。
That is to say，Government Asset Management Corporation，It is not possible to engage in bulk personal bad disposal，The so-called investment in non-performing assets，That is, investment in corporate distressed debt、Dispose。
Next, we will briefly talk about the entire private asset management company disposal process and common methods.：The focus of the entire non-performing asset investment is to control the time node，when to do something，Do the basic work well within the * disposal period：for example，Guaranteed statute of limitations；Extension of execution period；Seize the opportunity to become the best seizer；Increase negotiation leverage, etc.。
Specifically divided into：Work before investing in debt (package): Doing due diligence before buying the investment debt (package). Before buying the investment debt (package), you will get the，Obtain some basic information about claims (packages) from auction houses and other institutions.：including debt areas，debtor，legal status of claims，Debt principal and interest, etc.。
Some of the larger value claims in the package，In order to attract buyers to invest, sellers sometimes list the highlights of the debt.：Industrial and commercial information of the debtor involved in the debt，The assets owned and so on are provided for investors’ reference.。
Review before purchasing (contract，Judgments, etc.) Evaluation Private asset management companies evaluate the package after collecting and summarizing the information for the first time.，Select the most valuable few or a dozen claims (generally the ones with larger principals)，Combine own resources，Calculate input and output based on past experience，Is there investment value?。if there is，Will sign a letter of intent to purchase with the seller，Then you can go to the seller for review.：That is, the loan contract at the time of the claim、Legal documents, etc.。
After marking, the collected information will be summarized again (see the substantive processing stage below for details on how to collect information).，Evaluate asset packages，Decide whether to invest in a purchase。If there is investment value，Investors pay to buy packages，hand over dossier。
Usually there are several relatively good claims in an asset package.，For example, if assets are sufficient，or the debtor is operating，Or the legal status is clear….Support the value of the entire asset package，In addition to the claims of other bankrupt enterprises, etc.，The proportion of each depends on the specific situation.，The asset package pricing is also determined。The original file can be kept by the seller or the buyer.，Or third-party hosting，Negotiated by both parties。
There are relevant regulations on the custody of original files involving state-owned assets.，For details, please refer to Part 4。Payment is usually by installments，rare
Require
Full payment in one lump sum。usually bidding，There are also a few agreements to transfer，See other ways to bid，Similar situation，Bid rigging etc.。
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