EX ANTE v. EX POST PROTECTION: the implementation Of collaterals in financing transaction

• Autor: Escobar Rozas, Freddy
• Formato: artículo
• Fecha de Publicación: 2017
• Institución: Pontificia Universidad Católica del Perú
• Repositorio: Revistas - Pontificia Universidad Católica del Perú
• Lenguaje: español
• OAI Identifier: oai:revistaspuc:article/20238
• Enlace del recurso: http://revistas.pucp.edu.pe/index.php/themis/article/view/20238
• Nivel de acceso: acceso abierto
• Materia: Collaterals; financial operations; ex ante and ex post protection; risk reduction; subordination risk; Colaterales; operaciones financieras; protección ex ante y ex post; reducción de riesgos; riesgo de subordinación

Collaterals are actives (material and immaterial) that act as warrants against any financial operation. This figure allows to reduce risks related to financial operations throughout credit qualification of the protected agent. For this reason, an adequate regulation of its execution (ex ante and ex post) is useful to reduce situations originated by information asymmetry.In this article, the autor develops the legal treatment of this juridical figure and its applicable regimens, analyzing the juridical and economic implications of the two ways to protect its execution: juridical proceedings (ex ante) and extra juridical proceedings (ex post).