资产证券化中资产转让的法律问题探讨  

Legal Consideration for Asset Transfer of Securitization

作　　者：魏健馨[1] 程秀强[2] 

机构地区：[1]南开大学法学系,天津300071 [2]南开大学国际经济法研究所,天津300071

出　　处：《天津市政法管理干部学院学报》2004年第3期27-31,共5页Journal of Tianjin Administrative Institute of Political Science & Law

摘　　要：基于资产证券化的风险隔离机制,在资产转让的信托型、担保融资型和资产出售型等多种选择方式中,资产出售是最好的选择。但根据美国的司法实践,一项资产转让什么时候构成“真实出售”,虽然有一些判定标准,却并不十分明朗,可能会受到法院重新定性的影响。同样,在我国,实现资产转让更是存在着合同法和担保法等方面的困难和障碍,也没有重新定性的相应规则和实践。因此,在开展资产证券化业务已成共识的情况下,我国必须尽早做出立法应对,建立有关资产证券化的单行法律,为资产证券化创造良好的法律环境。For the purpose of risk-remote institution in asset securitization, asset sale is the best choice of many ways in asset transfer. According to the experience in America, the standard of “True Sale”has not been very clear, and it would be canceled or recharacterized as a secured loan in a bankruptcy of the originator sometimes. Obviously, there are many obstacles in the legal system of China, such as contract law and guarantee law, and we have little experience in characterization. So we must make rules through legislative procedure, and provide perfect environment for asset securitization.

关 键 词：资产证券化 资产转让 资产出售 立法 SPV 中国 

分 类 号：D922.287[政治法律—经济法学] D912.28[政治法律—法学]