The movable property or right as pledge must comply with the relevant provisions of the Guarantee Law of People's Republic of China (PRC), and the pledger must enjoy the ownership or disposal right of the pledged property according to law, and make a written commitment to the bank to provide pledge guarantee for the borrower.
Where securities such as bank drafts, bank acceptance bills, cheques, promissory notes, certificates of deposit and treasury bills are pledged, the maximum pledge rate shall not exceed 90%; Movable property, legally transferable shares (stocks), commercial acceptance bills, warehouse receipts, bills of lading, etc. Pledged, the pledge rate shall not exceed 70%; Where other movable property or rights are pledged, the pledge rate shall not exceed 50% at most. Financial pictures 1
If pledge is adopted, the pledgor and the pledgee must sign a written pledge contract, which will be terminated when the borrower pays off all the principal and interest of the loan; Before the expiration of the pledge period, the lender shall not dispose of the pledged property without authorization. During the pledge period, if the pledge is damaged or lost, the lender shall bear the responsibility and be responsible for compensation.
Characteristics of inventory (spot) pledge
First of all, because financial institutions are not allowed to engage in business activities in other fields except financial services, to realize the possession of movable property, it is necessary to provide collateral storage services with the help of a third party (storage company) other than the borrower. The warehousing company takes the financial institution as the depositor to issue warehouse receipts and deliver them to the financial institution. At this time, financial institutions do not directly possess collateral, but indirectly manage and possess goods through warehousing companies.
Secondly, financial institutions have neither the ability nor the possibility to actually supervise and control the collateral. Instead, the warehousing company provides warehousing supervision services for the collateral stored in the warehousing center according to the inventory (spot) pledge loan contract signed by the borrower and the financial institution and the inventory supervision contract signed by the three parties.
Thirdly, Dayi Su You pointed out that the goods used by enterprises to guarantee have a great influence on the operation of their supply chain. In order to ensure the smooth repayment of enterprises, financial institutions are required to realize the possession of collateral while minimizing the impact on the normal production and sales activities of borrowers, allowing enterprises to pick up or replace goods during the supervision period, and warehousing companies must be able to coordinate the supervision needs of financial institutions with the production and sales activities of borrowers. Therefore, the collateral pledged by inventory (spot) is variable.
As a new financing method, "inventory (spot) pledge loan" involves at least three subjects: the borrower, the lender and the third party providing pledge supervision and custody services. Their respective rights and obligations are determined according to the inventory (spot) pledge contract between the borrower and the lender and the inventory supervision contract signed by the three parties.
The above is the knowledge about pledge loan, I hope it will help you.