票据回购及其相关法律问题

On paper repo and related law issues

票据回购业务相对银行其他资产业务来讲,收益高、当然风险也不会小。尽管票据回购业务受我国多部法律的多重保障,但针对票据回购自身的法律法规至今没有颁布,政策和法律的不确定性导致票据回购业务法律风险一时还难以锁定。本文试从票据法的规定出发,阐述表明笔者关于票据回购的基本概念以及相关法律问题的见解。

Compared with other asset businesses of banks, paper repo makes higher profits and is susceptible to higher risks. Although paper repo is ensured by several laws in China, no specific laws or regulations on paper repo have been published until now, making it hard to define risks in the paper repo business. Based on articles in the Law of Negotiable Instruments, this paper expatiates on the fundamental concepts of paper repo as well as the author's opinions on related law issues.