参与式银团贷款协议的法律性质研究

发布时间：2018-02-26 01:18

本文关键词： 参与式银团贷款参与协议证券法　出处：《上海交通大学》2014年硕士论文　论文类型：学位论文

【摘要】：参与式银团贷款近年来在国际融资市场中受到广泛青睐。这一融资方式能够为大型项目筹集充足的资金，有利于防范和分散风险，具有类似证券承销的特征。参与式银团贷款的法律关系较为复杂，本文以美国法为背景，，对参与式银团贷款的参与协议进行定性分析，共分为以下四章：第一章是对参与式银团贷款的总体阐述，包括其架构、优势以及发展，提出解决参与式银团贷款纠纷的关键在于对参与协议的定性；第二章是对参与协议法律性质的分析。首先阐述参与协议的具体内容，介绍美国理论与实践中对于参与协议性质的两种相对的观点，认为买卖论更有利于保护参与行的权益。结合美国证券法中“证券”的定义，分析参与协议被认定为证券的三种情形；第三章结合美国判例法讨论了参与协议是否能构成证券的判断标准，分析各个标准的考量因素并提出判断标准的不足；第四章提出参与式银团贷款应当纳入证券法的规范范围，并分析参与协议认定为证券的合理性与可行性。
[Abstract]:Loan participation in recent years has been widely favored in the international financial market. This way of financing to raise sufficient funds for large projects, is conducive to the prevention and risk diversification, has similar characteristics. The legal relationship of securities underwriting loan participation is more complex, with the background of American law, the qualitative analysis of participation participate in the syndicated loan agreement, is divided into the following four chapters:
The first chapter is a general introduction to the syndicated loan, including its structure, advantages and development. It is put forward that the key to solve the dispute of participating syndicated loan is to identify the participation agreement.
The second chapter is the analysis of the legal nature of participation in the protocol. Firstly, the specific content of the participation agreement, the United States in the theory and practice of the two opposing views the nature of the participation agreement on sale, that is more conducive to the protection of the rights and interests. With the participation of American Securities Law "securities" definition, analysis of the participation agreement was found for the three cases of securities;
The third chapter, combined with the American case law, discusses whether the participation agreement can constitute a security standard, analyzes the factors of each standard, and puts forward the deficiency of the standard of judgement.
The fourth chapter proposes that the participatory syndicated loan should be included in the normative scope of the securities law, and the rationality and feasibility of the participation agreement as the securities should be analyzed.

【学位授予单位】：上海交通大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.4

【共引文献】