票据资管模式融资的风险分析及法律防范

发布时间：2018-05-16 18:53

本文选题：票据转让 + 票据收益权转让　；参考：《金融与经济》2017年10期

【摘要】：票据资管融资是票据融资的重要组成部分,改变了传统上中小企业间接融资成本高的难题。目前,我国票据资管融资尚处于初步发展阶段,各个环节面临的风险不尽相同。计划管理人和托管人都应遵守信义义务,积极履行合同义务以维护投资者的权益,但我国法律尚未对各方主体间的权利义务作出明确规定。票据因其信用功能和融资功能受到融资者青睐的同时,也因票据法律制度关于真实交易背景的规定而受到限制,即使以票据收益权或者应收账款作为基础资产,依然在质押合同协议及托管协议中面临着法律风险。为此,在现行资管模式下应引入第三方担保、科学合理地设计票据资管合约、对各方主体提出更高的信义义务要求并完善我国风险自留制度。通过观察票据资管模式演化进程,反思我国票据法律制度关于真实交易背景限制是否合理。
[Abstract]:Note capital management financing is an important part of bill financing, which has changed the traditional problem of high indirect financing cost of small and medium-sized enterprises. At present, the financing of bill capital management is still in the initial stage of development, each link faces different risks. Both program managers and trustees should abide by fiduciary obligations and actively fulfill their contractual obligations in order to safeguard the rights and interests of investors, but the law of our country has not clearly stipulated the rights and obligations between the parties. Bill is favored by the financier because of its credit function and financing function, and it is restricted by the provisions of the bill legal system on the real transaction background, even though the right to the income of the bill or the accounts receivable are taken as the basic assets, Still facing legal risk in pledge contract agreement and custody agreement. Therefore, the third party guarantee should be introduced in the current capital management mode, the contract of bill capital management should be designed scientifically and reasonably, the parties should be required to have higher fiduciary obligation and the risk retention system of our country should be perfected. By observing the evolution process of the capital management model of bill, this paper reflects on whether the restriction of the real transaction background is reasonable in the legal system of bill in our country.
【作者单位】：华东政法大学经济法学院;
【基金】：上海市法学会2017年度招标课题“票据融资创新的法律问题研究”
【分类号】：D922.287

【相似文献】