The general process of warehouse receipt pledge is:
1. The borrower signs a warehousing agreement with the logistics enterprise. Clarify the requirements for warehousing acceptance and protection of goods, and deliver the goods to the warehouse of logistics enterprises accordingly. After the logistics enterprise reviews and confirms the receipt of goods, the logistics enterprise issues a special warehouse receipt to the borrower. At the same time, the borrower applies to the designated insurance company for warehousing goods insurance, and designates the first beneficiary as the bank.
2. The borrower applies for a loan from the bank with the warehouse receipt issued by the logistics enterprise. After receiving the application, the bank verifies with the logistics enterprise that the warehouse receipt mainly includes the variety, specification, quantity and quality of the goods.
3. After being approved by the bank, the borrower, the bank and the logistics enterprise sign a tripartite cooperation agreement on warehouse receipt pledge loan.
4. The logistics enterprise and the bank sign an irrevocable letter of guarantee to assist the bank to exercise the pledge right, and determine their respective responsibilities in cooperation.
2. What are the risks of warehouse receipt pledge?
The risks of warehouse receipt pledge are:
1. guard against credit risk,
2. Guard against market risks. Pay attention to the selection of collateral and the sufficiency and sufficiency of the representative value of warehouse receipts.
3. Prevent legal risks.
Third, the effect of warehouse receipt pledge on the pledgor.
The effect of warehouse receipt pledge on the pledgor is mainly manifested in its limited right to dispose of the stored goods. Warehouse receipt, as a kind of real right securities, is a voucher to extract the warehouse goods, and obtaining the warehouse receipt means obtaining the ownership of the warehouse goods. However, once the warehouse receipt is pledged, the pledgee has the warehouse receipt delivered by the pledger. At this time, the pledgee obtained not the ownership of the warehouse, but the pledge. For the pledgor, because he has temporarily lost possession of the warehouse receipt, although he still enjoys the ownership of the warehouse receipt goods, if he wants to dispose of the warehouse receipt goods, it is bound to be restricted. Where the pledgor disposes of the stored goods, it shall provide the pledgee with corresponding guarantee separately, or get back the warehouse receipt with the consent of the pledgee, so as to realize its right to dispose of the stored goods. Remind you, the former, eliminate the pledge of warehouse receipts; The latter shows that the pledgee has confidence in the debtor's credit and voluntarily gives up the guarantee of his creditor's rights without legal enforcement.