Abstract: Due to the decline of the coal demand, the profit of the coal industry decreased sharply and the firm’s finances keep worsening, the coal enterprises cannot easily obtain bank loans or issue corporate bonds. Meanwhile, the government has issued the policy to encourage the securitization of the firm’s assets. Under these circumstances, the coal enterprise can explore the innovative ways of assets securitization. The paper discussed the characteristics and the feasibility of accounts receivable securitization, and outlined the key points of securitization process.

Key words: Asset securitization, accounts receivable, characteristics, feasibility, structuring process.