保單貼現證券化之研究

Abstract

台灣已為WTO正式會員，因此國內金融市場亦面臨逐步對國際市場開放與接軌之環境，為了因應未來之變化，除了成立金融管理委員會與最近興起之金控合併風潮之外，積極的研究國外新興之金融相關市場與金融商品，並研擬導入國內之可行性，應有助於未來市場全面開放後，提升國內業者與國外業者相互競爭之能力。 保單貼現此一新興之投資商品似乎在此低利率環境中吸引了許多投資人注意，而降低投資風險為任何投資首要之目標，本文即為研究如何以證券化模式來達到低風險與高收益的保單貼現投資目的

Since Taiwan became a member of World Trade Organization, Taiwan’s financial markets have been facing impact of deregulation and competition from international markets than ever. In order to cope with the new environment, the government of Taiwan has set up the Financial Regulatory Committee, a new regulatory body for overseeing the financial industry and markets. The recent merger and acquisition activity among a score of Taiwan’s financial holding companies is another indication of the challenge. In addition, introducing new financial products from foreign market directly seems another way to stimulate and enhance the competitiveness of the financial industry here, and they had better be prepared when the market is fully opened to foreign players in the next few years. Life settlement is one of the latest financial products developed abroad. It’s a new product attracting attention from many investors in recent years, especially when interest rate is low. Reducing risk is one of the goals in professional investment. The following is an introduction of how to use a model of securitization to achieve relatively high rate of return and relatively low risk, the two investment goals of life settlement products.