** Financing guarantees can be divided into two major categories: ** Financing guarantees can be divided into international financing credit guarantees and international financing property rights guarantees.
Credit guarantee for international financing
Credit guarantee for international financing is also called a personal guarantee, which refers to the guarantor Use your own credit to guarantee to creditors that you will be responsible for the debtor's performance of debts. The guarantor can be a natural person or a legal person. Legal persons include companies other than the borrower, commercial banks, governments, official credit institutions, and central banks.
Property security for international financing
Property security is the borrower or a third party’s own The asset rights or property rights provide guarantee for the performance of loan debts. Property rights security is divided into real estate security, movable property security and income transfer security. Real estate security is a security interest set on real estate such as land or real estate. In international financing, property rights security is rarely used. Chattel guarantee is a guarantee provided by the borrower or a third party for the performance of debts with his movable property, which is divided into chattel pledge and chattel mortgage. A movable property pledge is when the borrower hands over the possession of the movable property to the lender as a guarantee for the performance of the debt. If the borrower fails to perform its debt, the lender can apply to the court to auction the movable property that has been handed over to the lender to be repaid. A chattel mortgage is when the borrower hands over the ownership certificate of the chattel to the lender as security, and the borrower still retains possession and use of the chattel. Rights guarantees mainly include equity guarantees, insurance policy guarantees and accounts receivable guarantees.
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