Definition
Credit Assets Transfer refers to financing service where Hua Xia Bank and other banking institutions transfer between each other as for the proprietary, compliantly issued, and un-mature credit assets within their business scope according to the agreements.

Categories:
Credit assets transfer may take the form of buyout or repurchase transfers.

*Under buyout credit assets transfer, both parties transfer the credit assets according to agreement. After the asset transfer, the debtor performs the duty of principal and interest repayment to the transferee. Under buyout credit assets transfer, the creditor's right ownership is transferred from the transferor to the transferee.

*Under repurchase credit assets transfer, the parties in the transfer arrangement transfer credit assets according to agreement. The transferor undertakes the unconditionally repurchase of the same credit assets from the transferee at the stipulated price on a particular date in future. Under repurchase credit assets transfer, the creditor's right ownership is not transferred.

Applicable Clients:
The objects of credit assets transfer is limited to banking financial institutions including commercial banks, policy banks, financial companies, trust investment companies, asset management companies, and financial lease companies.

Service Flows:
1. The transferor presents credit application to the transferee five banking days in advance;
2. Upon approval by the transferee, the transferor obtains credit line and both parties sign Credit Assets Transfer Contract to implement the transfer of the credit assets.

Price:
During the process of credit assets transfer, the parties to the deal negotiate for the deal price according to the risk assessment.

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