What is a financing guarantee license?

Guarantee companies are divided into financing and non-financing two categories. The so-called financial license refers to the financing guarantee company. The main concept of financing guarantee company refers to the establishment that needs the approval of provincial and municipal financial management offices. Its main business content is to provide customers with guarantees and loans in banks. It is an important cooperative unit of our bank. Non-financing guarantee companies only need to register in the industrial and commercial bureau to carry out intermediary services and financial management among the people. Charge the corresponding service fee. Financing guarantee companies handle much more business than non-financing guarantee companies, and financing guarantee companies in all markets account for about 10% of all guarantee companies.

Article 393 of the Civil Code of People's Republic of China (PRC): In any of the following circumstances, the security interest shall be extinguished:

(1) The principal creditor's rights are extinguished.

(2) the realization of security interests;

(3) The creditor waives the security interest.

(4) Other circumstances in which the security interest is extinguished as stipulated by law.