融资浮动担保中的限制性条款研究

融资浮动担保中的限制性条款为贷款银行创设的是合同权利。如果在浮动担保物上设立的后续固定担保权人知晓浮动担保中有限制性条款,那么受偿序位后于浮动担保权人;反之,就优先于浮动担保权人。在浮动担保结晶前,限制性条款不能阻止第三人按照法院判决执行浮动担保物。但在浮动担保结晶转化为固定担保后,浮动担保权人比包括申请法院强制执行人在内的其他债权人享有优先受偿的权利。但是,限制性条款不能对抗法定的留置权,也不能对抗担保人为购买财产而在所购财产上设立的抵押权。

Study on Restrictive Clause in Finance with Floating Charge

The creation of the restrictive clause of the floating charge for the credit bank is a contractual right. The creditor of a later fixed charge shall have no priority over properties of floating charge if it knows the existence of restrictive clause. Otherwise, it shall have the priority. Before crystallization of the floating charge, the restrictive clause can not resist against the enforcement by court in favor of a third party, while the credit bank shall have the priority after the crystallization. However, the restrictive clause may neither resist against the lien, nor against the mortgage on the property purchased by the guarantor.