个人定期存单质押贷款办法-EN.doc

Measures for Hypothecated Loans on Time Deposit Certificates of Individuals Promulgation date: 07-03-2007 Department: China Banking Regulatory Commission Effective date: 07-03-2007 Subject: BankingFinance Order of China Banking Regulatory Commission(No.4 [2007])The Measures for Hypothecated Loans on Time Deposit Certificates of Individuals, which were adopted at the 55th chairman’s meeting of China Banking Regulatory Commission (hereinafter referred to as CBRC) on December 28th, 2006, are hereby promulgated and shall come into force as of the date of promulgation.Chairman Liu MingkangJuly 3rd, 2007Measures for Hypothecated Loans on Time Deposit Certificates of IndividualsArticle 1 For the purpose of strengthening the administration of hypothecated loans on time deposit certificates of individuals, these Measures are formulated in accordance with the Law of the People’s Republic of China on Commercial Banks, the Guarantee Law of the People’s Republic of China and other relevant laws and administrative regulations.Article 2 The term “hypothecated loans on time deposit certificates of individuals” (hereinafter referred to as hypothecated loans on deposit certificates) refers to the loan business whereby a borrower obtains a certain amount of RMB loan from a commercial bank (hereinafter referred to as loaner) by hypothecating his outstanding time deposit certificate and then repays the principal and interest of the loan when it comes due.Article 3 The term “loaner” as mentioned in these Measures refers to the natural persons, legal persons and other organizations which have corresponding civil capacities within the borders of the People’s Republic of China.A foreigner, a stateless person or a citizen of Hong Kong, Macau or Taiwan needs to have resided within the People’s Republic of China and have a fixed residence and a fixed occupation in order to become a borrower.Article 4 Time deposit certificates which can be used as pledges include outstand