【正文】 ? Application of Proceeds獲得款項(xiàng)的使用 a) The expenses of retaking and disposing of the collateral, and attorney’s fee and legal expenses (if a country’s law allows)取回和處置抵押品的費(fèi)用，律師費(fèi)和法律費(fèi)（如果該國(guó)法律允許） b) The debt owed the secured party, including principal, interest or finance charges, and other lawful unpaid charges provided for the security agreement被擔(dān)保方的貸款，包括本金，利息和罰金，以及其他擔(dān)保合同規(guī)定的合法的未付罰金 c) The debt owed by junior secured parties擔(dān)保級(jí)別較低的債權(quán)人 d) Residual rights剩余債權(quán)人 *Based on: Law in a Nutshell: Secured transactions, Richard B. Hagedorn, Thomson West, 2023, p346 8. Extinguishing Security Interest in Collateral 擔(dān)保利益終止 Extinguishing Security Interest 擔(dān)保利益終止 ? When all debt is repaid security interest should be terminated:當(dāng)所有貸款償還時(shí)，擔(dān)保利益應(yīng)該終止 ? by filing a termination statement通過(guò)終止生命進(jìn)行登記 ? by returning pledged goods and documents*通過(guò)歸還抵押物和文件 ? by returning the original security agreement 通過(guò)歸還擔(dān)保合同原件 ? Preserving security interest long after the full repayment may:在得到償付之后保留擔(dān)保利益 ? let the borrower consider the lender being ready to provide another loan.借用方認(rèn)為出借方正準(zhǔn)備提供另一項(xiàng)貸款 ? let the security party face unexpected liability caused by any damage incurred to the borrower by not possessing the pledged goods or ，而面臨沒(méi)有預(yù)計(jì)到的損失。 ? Such limitation periods should be carefully managed in the collateral book. A continuation statement should be filed within a certain period before the expiration to renew the perfection of security 押品登記冊(cè)上仔細(xì)控制這樣的有限期限，再過(guò)期日前的一短時(shí)間內(nèi)，應(yīng)該得到并歸檔更新?lián)＠娴难永m(xù)申明。 ? Depending on the jurisdiction, different collateral may have different rules for perfection根據(jù)權(quán)限，不同的抵押物有不同的完善規(guī)則 ? Perfection upon attachment alone單獨(dú)附加的完善 ? Temporary perfection in certain collateral特定抵押物的暫時(shí)完善 ? Perfection by pledge or possessory security interest通過(guò)抵押或擁有擔(dān)保利益來(lái)完善 ? Perfection by filing (registration)歸檔（登記）完善 ? Perfection where filing is required under a special law特定法律規(guī)定需要通過(guò)歸檔來(lái)完善 ? Perfection by public notice (example: news paper advertisement)通過(guò)公告來(lái)完善（例：報(bào)紙廣告） *Based on: Law in a Nutshell: Secured transactions, Richard B. Hagedorn, Thomson West, 2023, p123 6. Collateral Management 抵押品管理 Collateral Management 抵押品管理 ? Collateral Management抵押品管理 ? Collateral management includes two risk management concepts: 抵押品管理包括兩項(xiàng)風(fēng)險(xiǎn)管理概念 ? (1) Collateral management for credit risk management信貸風(fēng)險(xiǎn)管理的抵押品管理 ? (2) Safeguarding the enforceability強(qiáng)制行使權(quán)的保護(hù) Collateral Management 抵押品管理 Collateral Management for CRM 抵押品管理 Safeguarding the Enforceability 保護(hù)強(qiáng)制行使權(quán) Safe Custody/ Collateral Book 保管 /抵押品登記冊(cè) Credit File 信貸檔案 ? Record Keeping檔案記錄 ? Revaluation/Reappraisal against credit exposure 根據(jù)信用風(fēng)險(xiǎn)再評(píng)估 /再評(píng)價(jià) ? Numbering/Tagging編號(hào) /標(biāo)簽 ? Maturity Management到期管理 ? Renewal of security interest 更新?lián)＠? ? Periodical check of inventory 定期實(shí)物檢查 Credit File信用檔案 I ? Record Keeping檔案管理 ? Appraiser’s name, the effective date of the evaluation, and signature and address (when the evaluation is outsourced)鑒定人名稱(chēng)，評(píng)估的有效日期，千字和地址（當(dāng)評(píng)估是由外部人員完成的） ? Description of the collateral抵押品描述 ? Real estate: ownership, location, shape, condition, developments, pictures, maps, neighborhood, usage, a copy of construction approval, attached easement, ：所有者，位置，形狀，環(huán)境，發(fā)展?fàn)顩r，照片，地圖，附近情況，用途，建筑批準(zhǔn)書(shū)復(fù)印件，附屬物，等 ? Goods: location of the goods, quantity, species/variety, measure/weight, value per unit, quality, condition, schedule 商品：物品所在地，數(shù)量，種類(lèi) /品種，尺寸 /重量，單價(jià)，質(zhì)量，情況，時(shí)間表 ? Intangibles: pledgor, amount, quantity, third party obligor, attached security interest, ：抵押人，金額，數(shù)量，第三方債務(wù)人，附加擔(dān)保利益，等 ? Description of the evaluation method employed對(duì)所用評(píng)估方法的描述 ? Description of the source information used in the evaluation評(píng)估中信息來(lái)源的描述 ? An estimated value of the collateral and the opinion of the loan officer on the evaluation抵押品的估計(jì)價(jià)值，以及貸款主管的對(duì)評(píng)估的意見(jiàn) Source: Interagency Appraisal and Evaluation Guidelines, FDIC, 1994 Credit File信用檔案 II ? Reappraisal重新評(píng)估 ? Collateral should be regularly revalued depending on the collateral ? Collateral value should be constantly monitored against credit ? Frequency of reappraisal depends on the market condition重新評(píng)估的頻率應(yīng)該根據(jù)市場(chǎng)情況決定 ? Real estate (revaluation): every 6 months or 12 months 房地產(chǎn)（重新評(píng)估）：每 6或 12個(gè)月 ? Real estate (onsite survey): every month or 3 months 房地產(chǎn)（實(shí)地調(diào)查）：每 1或 3個(gè)月 ? Farm product: every week or month depending on the market 農(nóng)產(chǎn)品：根據(jù)市場(chǎng)情況每周或月 ? Inventory: depending on the market 存貨：根據(jù)市場(chǎng) ? Mobile vehicle: every 3 month or 6 month 機(jī)動(dòng)車(chē)：每 3或 6個(gè)月 ? Intangibles: daily basis if marktomarket is required (depending on the type of transaction) 無(wú)形資產(chǎn)：如果必須按市價(jià)調(diào)整，則每天進(jìn)行（根據(jù)業(yè)務(wù)種類(lèi)） Credit File: Example信用檔案：舉例 Type of loan 貸款種類(lèi) Original amount or credit line金額 /信用額度 Loan proceeds outstanding 剩余借款 Loan credit outstanding 剩余信用額度 Type of collateral 抵押品種類(lèi) Original Collateral Evaluation 出示抵押品評(píng)估 Latest Collateral Evaluation 最近抵押品評(píng)估 Haircut折扣 Collateral Value 抵押品價(jià)值 Term loan A Term loan B Revolving line循環(huán)貸款額度 50 120 30 10 95 0 10 95 30 Land土地 Building建筑物 Receivable應(yīng)收款 Public Guarantee公共擔(dān)保 Time deposits定期存款 110 50 40 10 90 40 40 10 12 40 100 25 0 0 54 0 30 10 12 Total 105 (A)135 Total (B)106 Unsecured Balance 不安全余額 (A)(B) 29 Borrower: ABC Trading Co. Internal Credit Score: 4