What is Cash Collateral?

Mortgage and pledge, a debtor or a third party's legal act on the creditor to mortgage a certain property as a guarantee for the settlement of debts.

Mortgage and pledge

Mortgage

The debtor or third party who provides the mortgaged property is called the mortgagor; the mortgaged property provided is called the mortgagor; the creditor is the mortgagee, so the right enjoyed is called the mortgage, which is a type of security right. After the mortgage is set, when the debtor fails to perform the debt, the mortgagee has the right to discount the mortgaged property or the sale price of the mortgaged property in priority to other creditors in accordance with the law. The mortgaged property may be movable or immovable property, but property that is prohibited by law from being circulated or enforced shall not be used as collateral. Whether the mortgaged property is transferred to different countries has different civil law regulations. In China, mortgages are generally not transferred. A security established for movable property or transfer of possession is called a pledge. Once the mortgage is established, it takes effect on both the mortgagee and the mortgagor: in addition to the priority of the mortgagee, the mortgagee has the right to own or supervise the mortgage and has the right to request the mortgagee to pay for the expenses incurred in keeping the mortgage. Fees and the right to restrict the mortgagor's disposition of the collateral, but the mortgagee does not obtain the right to use the collateral. The mortgagor enjoys the right to dispose of the collateral, but must obtain the consent of the mortgagor in advance, and has the obligation to properly keep the collateral in his possession. Regarding the remaining guarantee value of the same collateral, the mortgagor has the right to set a mortgage again. The mortgage was extinguished due to the performance of the main debt, the loss of the mortgaged property and the realization of the mortgage.

The mortgaged items may be: valuable securities, time deposit certificates, bonds, stocks, etc. Houses, land, ships, planes, etc. Precious metals, gold, jewelry, diamonds, etc. Mortgage borrowings have collateral. If they are not overdue, the collateral is confiscated or auctioned, such as a silver master. Mortgage is the most used.

Home mortgage materials:

1. Identity card

2. Valid account book (first page, address page, personal page, change page; for collective account, provide home page, personal page, change page)

3. Officers must provide officer ID

4. Proof of income (need to stamp the official seal or personnel seal of the unit where the unit is located), and the monthly payment is required to be no more than 50% of the monthly income.

5. A copy of the business license of the unit where the income certificate is affixed with the official seal

6, salary flow or tax payment certificate

7. Certificate of college education or above

8. Marriage certificate (for marriage certificate-photo page and content page, divorce certificate or civil mediation certificate, or marriage or single certificate issued by the local police station or street office, Note: the single certificate unit has the right to issue a certificate)

9.Spouse's ID and Hukou

10. Foreigners need to provide temporary residence permit (photo page and content page)

11. A copy of the property purchase certificate, a copy of the homeowner's ID card, and a sales contract.

Main article: Advance cash. Unsecured lending, also known as unsecured loans or personal credit loans, are similar and popular in one of the financial products around the world. Loans are lent to lenders based on personal credit, while interest calculations and credits depend on the strength of the borrower's credit. The loan does not require collateral, and the money is paid regularly. If the loan is not repaid, it can only be recovered or the guarantor is responsible. In terms of regional unsecured lending, unsecured loans or personal credit loans, the guarantor relationship has gradually faded. The borrower's own credit will be the main change, which will be the main basis for the approval of the lender.