信用缓释工具卖方对可交付债务的法律视角

Legal Issues and Credit Risk Mitigation

信用产品的价值由信用事件所驱动,必然同违约、清偿等法律事务产生重大联系。而法系之间的差异所带来的种种问题必然影响到信用缓释工具的创设以及后继的发展。本文从信用缓释工具的卖方角度(信用保护的提供方),分析在国内现有的法律环境下,分别以直接融资的债券或者间接融资的贷款作为可交付债务时所要面临的法律问题。

The value of credit products is driven by credit events, and these can be intimately connected with legal matters stemming from default and clearance. In China, problems resulting from differences between the legal systems at home and abroad will inevitably affect the creation and development of credit mitigation tools. This article examines legal issues in direct and indirect financing under the existing domestic legal environment from the perspective of the seller of the credit mitigation instrument（the provider of credit protection）.