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Turn Movables to Liquidity—The Chattel Mortgage Loans

  • Jiazhuo G. WangEmail author
  • Juan Yang
Chapter

Abstract

In China, loans with collaterals account for over 80 % of total loan transactions, and are also the most active part with rapid growth. Among these loans, chattel mortgage is a new type with chattel, or movable goods such as receivable or inventories, as collaterals. The lender could seize the chattel in the event of default, and sell it to recover the losses from the loans. Chattel mortgage is specifically designed for the small and medium sized enterprises (SMEs) with low transaction volumes and fast circulations. Since it involves in many participants of financial market, such as commercial banks, small loan companies, logistics and warehousing companies, and SMEs, chattel mortgage has received increased attention in the past years.

Keywords

Commercial Bank Spot Market Steel Company Commodity Producer Financing Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Liu P. 2010. The classical Chattel Mortgage innovation cases. CITIC Press (in Chinese).Google Scholar
  2. Zhang, W. and Wang, B. 2010. The difficulty and breakthrough of Chattel Mortgage. Finance Development and Study, issue 10 (in Chinese).Google Scholar

Copyright information

© Springer Science+Business Media Singapore 2016

Authors and Affiliations

  1. 1.School of Business, College of Staten IslandCity University of New YorkStaten Island, New YorkUSA
  2. 2.HSBC Business SchoolPeking UniversityShenzhenChina

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