| 摘要 |
PROBLEM TO BE SOLVED: To unnecessitate the installation of a special purpose company and to fluidize the assets of an originator without a legal obligation to pay taxes. SOLUTION: An originator 1, which has the assets such as credit and desires to fluidize this assets and to encash it, entrusts the owned assets to a trust company 2 (1). The trust company 2, which receives the trust of the assets, applies a trust beneficiary right corresponding to the received assets to the originator 1 (2). On the basis of the entrusted assets, the trust company 2 accepts non-recourse loan from an investor 4 (3). Then, the thrust company 2 transfers the money lent from this investor 4 to the originator 1 as capital redemption based on the thrust beneficiary right (4). Besides, the trust company 2 restores one part of benefit obtained by cash flow to the investor as interest (5). |
