质押式回购违约处置途径及案例分析

Default Disposal Routes of Pledged Repos and Case Analysis

交易双方在违约发生后,应积极完成相关交易报备及协商工作,并对无法协商解决的交易根据交易情况合理选择回购违约处置途径。考虑到司法救济的优势与限制条件,守约方可以优先采用对担保品进行匿名拍卖等自力救济方式,快速实现自身债权;若存在担保品难以处置,或价值无法覆盖全部债权等情况时,可以再通过司法救济对违约方的其他资产进行追偿。

In case of a default in pledged repo trading,the two trading parties shall actively complete trade reporting and negotiations,and choose a reasonable default disposal route according to the circumstances of the transaction.Taking into account the advantages and limitations of judicial remedies,the non-defaulting party can give priority to use anonymous auction of collaterals for self-remedy,by which they can quickly realize their own rights;and if there is a difficulty in disposing of collaterals,or the value of collaterals cannot cover all claims,the non-defaulting party can then resort to judicial remedies to claim compensation from the other assets of the defaulting party.