抵押的

You will have a new mortgage process to go through, but it is abbreviated since there is no appraisal involved.

你会有一个新的进程必须通过抵押，但由于没有略评。

Rather, low-quality mortgages acted as an accelerant to the fire that spread through the entire financial system.

准确地说，低质量抵押在席卷整个金融系统的大火上又浇了一桶油。

First, in this essay, the author states the reasonableness and necessity of permitting transfer of mortgaged property, affirms that mortgager will not lose the right of dispose and is entitle to transfer the property freely when the property is under mortgage. And at the same time, the author agrees the theoretical basis of droit de suite and the mortgagee's interests can be protected through the enforcement of the recovery right. Second, the author introduces the legislation of droit de suite in several countries with typical civil law legal system and analyses the particular characteristics of these different registrations. Third, the author points out the defects and malpractice of the legislations in our country after analyzing the legislation which state ambiguously the recovery right of mortgage and restricts the transfer of mortgaged property based on the tracing the development of system in respect of transfer of mortgaged property in Chinese legislation on guarantee. Finally, according to the real situation of our country, the author presents some concrete proposals on perfecting the system of transfer of mortgaged property and droit de suite of mortgage to reach the balance between static safety of property rights and dynamical safety of transactions with the reference to successful expericnees of other countries.

本文首先从理论依据出发，论述允许抵押物转让的合理性与必要性，肯定抵押人在抵押期间不丧失对抵押物的处分权，可以自由转让抵押物，同时认为抵押权追及力的存在具有理论基础，通过赋予抵押权以追及效力即可保障抵押物转让关系中抵押权人的利益；其次，简要介绍几个具有典型意义的大陆法系国家关于抵押权追及力的立法状况，分析各国立法的侧重点；再次，结合我国担保立法关于抵押物转让制度的发展轨迹，对我国立法未明确承认抵押权所固有的追及效力，且限制抵押物转让的规定进行剖析，认为存在一定的疏漏和弊端，具有明显的不合理性；最后，根据我国国情，并借鉴国外立法的成功经验，提出完善我国抵押物转让及抵押权追及制度的具体立法建议，以寻求物权的静态安全与交易活动的动态安全的平衡。

2 The execution, delivery, performance and completion of this agreement and the Investor Rights Agreement by each of the Warrantors do not and will not violate in any respect any provision of any law or regulation or any order or decree of any governmental authority, agency or court of any jurisdiction which is applicable to the Warrantor, any Group Company or any Associated Company; the laws and documents incorporating and constituting the Warrantor, any Group Company or any Associated Company prevailing as at the date of this agreement and as at Completion; or any mortgage, contract or other undertaking or instrument to which the Warrantor, any Group Company or any Associated Company is a party or which is binding upon it or any of its assets, and does not and will not result in the creation or imposition of any encumbrance on any of its assets pursuant to the provisions of any such mortgage, contract or other undertaking or instrument.

5.2 由每位担保人实施的本协议和投资者权利协议的执行、送达、履行和完成在任何方面都不会并将不会违反：1）可适用于担保人、任何集团公司或任何联营公司的任何有管辖权的任何政府部门、机构或法院的任何法律、任何规章或任何命令或法令的任何规定-（2）在本协议签订之日和完成之日实行的合并和组成担保人、任何集团公司或任何联营公司的法律和文件的任何规定或（3）担保人、任何集团公司或任何联营公司作为一方或者对其或对其任何资产有约束力的任何抵押，合同或者其他担保或契约的任何规定，而且依照任何这种抵押，合同或者其他担保或契约的任何规定不会并将不会对其任何资产造成任何负担的设立和强加。

Mainly introduce the concept, origin, developing cause of assets securilization, developing history of securilization in the countries and areas such as U. S. A., British, Australia, Japan, Hongkong, ect. Part three, includes Chapter four, five, six, and seven. Mainly study the effect to the development of our country's economy by carrying out banking assets securitization, the actuality of banks in our country, imminency and realistic meaning to carry out assets securitization, and talk about the feasibility of take housing mortgage loan as a cut-in point and reference meaning of dealing with bad assets of banks; the design of carrying out housing mortgage loan at present moment, and the feasibility, difficulties and problem of making experiment of bad assets securitization, the study of relevant policy such as law system, revenue system, finance system, supervising principle and so on, which needs to be studied and resolved in making experiment of banking assets securitization; all kinds of risks, risks estimate and providing measures needed in.

主要研究实施资产证券化对我国经济发展的影响，主要从银行资产证券化入手，研究我国银行的现状，进行资产证券化的迫切性和现实意义，探讨了我国从住房抵押贷款作为切入点的可行性以及对处理银行不良资产的借鉴意义；现阶段我国实施住房抵押贷款证券化的方案设计，以及进行不良资产证券化试点的可行性、难点和需要解决的问题；近期我国进行银行资产证券化试点需要研究和解决的法律制度、税收制度、财会制度、监管原则等配套政策研究；资产证券化面临的各类风险、风险评价和需要采取的防范措施。

That's because Chinese banks haven't binged on property lending: Only 20 percent of outstanding loans are in real estate, either in the form of mortgages or credit to developers, according to the World Bank.

世界银行透露，中国房市的低迷并不像美国的次贷危机，因为中国的银行没有发放太多的房产抵押贷款：只有20%的未偿还贷款是投放到房地产市场的，在抵押贷款和房产商的信贷方面也是相同的。

Personal loans business buyers will need at least three types of risk protection: First, the protection of property suffered major accidents and natural disasters, the risk of collateral damage to housing and property insurance; Second, lenders regular credit life insurance, primarily in the repayment period lenders due to illness or accidental injury of incapacity or death circumstances, to ensure safe recovery of bank loans, loans to family members can continue to live; Third, the performance bond purchase mortgage insurance, mainly because of the death of a guarantor when , unemployment and other reasons can not afford repayment agreement, the insurance companies on behalf of liquidity to banks than debt recovery at the same time exercise the right to receive from the collateral to the policyholder to recover compensation or reparations.

个人贷款业务的买家将至少需要三种类型的风险保障：第一，保护财产遭受重大事故和自然灾害的风险抵押损坏的住房和财产保险；第二，贷款人定期信用人寿保险，主要是在还款贷款期间因疾病或意外伤害的丧失工作能力或死亡的情况下，以确保安全收回银行贷款，贷款的家庭成员可以继续居住；第三，履约保证金购买按揭保险，这主要是因为死亡的担保人时，失业和其他原因不能还款协议，保险公司的名义向银行流动资金超过债务追偿同时行使的权利，接受该抵押给投保人收回补偿或赔偿。

Different risks have different insurance needs, and therefore, for the purchase of personal loan business, at least three types of insurance required : First, the housing mortgage property insurance, the main victims of accidents and protect property damaged by natural disaster risks; Second, lenders regular credit life insurance, principal owing on the loan guarantee period by the lender or accidental injury and disease incapacity or death situation, banks can secure their loans, lenders families can continue to live; Third mortgage purchase a performance bond insurance, in which insurance, the insurance companies play the role of the guarantor to charge a premium for the purchase of security costs, credit for the purchase and the provision of economic security, as was the guarantor for death, unemployment causes an inability owing on the loan, the insurance companies on behalf of their debt to banks liquidated I, at the same time exercise the right to recover from the collateral, or to the insured recover compensation awards.

不同的风险有不同的保险需求，因此，对于个人贷款购房业务，起码需要三类保险的保障：一是抵押住房的财产保险，主要保障房产遭受意外事故和自然灾害毁损的风险；二是贷款者的定期信用人寿保险，主要保证还贷期内在贷款人因疾病或意外伤害而丧失工作能力或死亡的情况下，银行能安全收回贷款，贷款者的家人能继续居住；三是抵押贷款购房履约保证保险，在这种保险中，保险公司扮演了担保人的角色，向购房人收取一定的保险费作为担保费，并为购房人的经济信用提供担保，当被担保人因为死亡、失业等约定原因无力还贷时，保险公司代其向银行清偿余债，同时行使追偿权，从抵押物中得到补偿或向投保人追回赔款。

Bank sources told reporters that the key is in fact now unreasonable categories, personal loans purchase operations at least three risk protection : First, protect property suffered major accidents and natural disasters, the risk of collateral damage to housing property insurance; Second, lenders regular credit life insurance, mainly in the loan owing on the loan period of injury as a result of illness or accident and incapacity or death of bank guarantee safe recovery loans to the families of those who continue to live; Third mortgage purchase insurance performance bond, mainly because when the guarantor of death, unemployment causes an inability owing on the loan, insurance companies on behalf of their debt to banks liquidated I, at the same time exercise the right to recover from the collateral, or to the insured recover compensation awards; Now the market is the impact of policies, mostly property insurance, and lack of a man-made object of the life insurance products.

银行有关人士告诉记者，其实现在不合理的关键是险种问题，个人贷款购房业务至少需要三类风险保障：一是主要保障房产遭受意外事故和自然灾害毁损的风险的抵押住房的财产保险；二是贷款者的定期信用人寿保险，主要是在还贷期内贷款人因疾病或意外伤害而丧失工作能力或死亡的情况下，保证银行能安全收回贷款，贷款者的家人能继续居住；三是抵押贷款购房履约保证保险，主要是在当被担保人因为死亡、失业等约定原因无力还贷时，保险公司代其向银行清偿余债，同时行使追偿权，从抵押物中得到补偿。。。。。。

Trading Address : Road Town, Tortola British Virgin Islands Craigmur chambers Co.Register Number BVI International Business Companies are the off-shore companies with a great number of advantages, such as: 5 Requires a minimum of only one shareholder and one director; 4 The directors and shareholders can be entities or individuals resident in any country 9 The payment of minimum capital is not required, and the shares can be issued at par or non par value; 13 Neither the minutes book nor the shares book need to be certified by any authority of BVI; 12 Can transfer its domicile and continue existing as a company incorporated under the laws of a jurisdiction outside of BVI; a foreign company can also become a BVI IBC; Subject has the following purposes and objects: The principal object is to engage either in the Virgin Islands or abroad, in the purchase, sell, disposal, dealing, transfer, barter, ownership, negotiate, finance, administration to grant guaranties in favor of obligation of third parties with or without mortgage or pledge of the corporation assets, give or borrowing money in loan, giving or taking in commission, mortgage, security, lease, use, usufruct, or receivership, any kind of property, whether real or personal stock or rights, and make and accept all kinds of deals, contracts, operations, business and transactions of lawful commerce.

贸易住址：道路城镇， Tortola 英国的维京群岛 Craigmur 室公司寄存器数字 BVI 国际的生意公司是有很多的利益远-海岸公司，如此的当做： 5 需要只有股东和1位指导者的1个最小量； 4 指导者和股东可能是任何的国家实体或个体居民 9 付款最小的首都不被需要，而且部份可能在标准或非标准价值被发行； 13 既不是会议记录本也不是部份书需要到被 BVI 的任何权威检定； 12能转移它的住所而且存在如1家公司在 BVI 的外面在司法权的法律之下吸收；1家外国的公司也能变成 BVI IBC；主题有下列各项目的和物体：主要的物体在维京群岛也要答应或在国外答应，在购买中，卖，处理，行为，移动，物物交换，所有权，商议，财政，行政由于或没有抵押贷款或公司资产的保证，给予或外来语贷款的钱允许保证品支持第三者的义务，在佣金，抵押贷款，安全，租约，使用，用益权或 receivership，任何的类型财产中举行或拿，是否真正的或个人的存货或权利，而且赚并且接受法律许可的商业各种的交易，契约，操作，生意和交易。

Do you know, i need you to come back

你知道吗，我需要你回来

Yang yinshu、Wang xiangsheng、Li decang,The first discovery of haemaphysalis conicinna.

1〕 杨银书，王祥生，李德昌。安徽省首次发现嗜群血蜱。