1 is used in different ways: the main difference between them is whether cash or certificates of deposit are used as collateral. The pledge of certificates of deposit refers to the unexpired personal time certificates of deposit in local and foreign currencies issued by the borrower with the loan bank (certificates of deposit issued by other financial institutions that have signed a guarantee commitment agreement with the bank also have mortgage loans).
Margin pledge means that the borrower deposits money into a special account opened in the bank and promises to use the money in the account as a guarantee to repay the loan. When the borrower fails to perform the debt, the lending bank has the right to directly deduct the deposit from the special deposit account for repayment of the loan.
2. Different forms: borrowing from financial institutions with their own or others' certificates of deposit as collateral. After verifying the authenticity of the certificate of deposit, the lending institution notifies the deposit bank that issued the certificate of deposit to go through the formalities of freezing funds, that is, register to stop payment, commonly known as "nuclear charge", and sign a pledge loan contract with the borrower, and at the same time keep the certificate of deposit in the hands of the lending institution to prevent the owner of the certificate of deposit from withdrawing the deposit before the borrower returns all the loan principal and interest;
3. Different organizations: There is a creditor-debtor relationship between natural persons or between natural persons and legal persons or other organizations, and between legal persons and other organizations, and the debtor takes the certificate of deposit owned by himself or a third party as the pledge of creditor's rights.
In order to ensure the creditor's performance ability (non-financial institution), the debtor gives his own or a third party's certificate of deposit to the creditor for possession as a guarantee for the timely performance of his debts, and agrees with the creditor that if the debtor cannot fully perform his debts after the debt expires, he can give priority to the creditor's compensation.
Baidu encyclopedia-margin
Baidu encyclopedia-certificate of deposit pledge