Legal Problems of Credit-assignment in Securitization
XU Duo-qi
Abstract
XU Duo-qi
Abstract
Assignment of credit is the first step of finance securitization, and the key step of its success. This article begins with analysis of the differences between assignment of simple credit and credit-assignment in securitization, then probes carefully several important legal issues related to the credit-assignment in securitization, that is, the future credit-assignment in securitization, Registration of credit-assignment in securitization, and transfer and perfection of accessory rights for security.
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Assignment of credit is the first step of finance securitization, and the key step of its success. This article begins with analysis of the differences between assignment of simple credit and credit-assignment in securitization, then probes carefully several important legal issues related to the credit-assignment in securitization, that is, the future credit-assignment in securitization, Registration of credit-assignment in securitization, and transfer and perfection of accessory rights for security.
Key concepts: Securitization, Credit enhancement, Business, Finance, Credit reference, Financial system, Credit risk