Secured Transaction Systems and Collateral Registries

The main objective of this toolkit is to provide technical advice and guidance to World Bank Group staff, donor institutions, government officials and other practitioners on the implementation of secured transactions law and institutional reforms i...

Full description

Bibliographic Details
Main Author: International Finance Corporation
Format: Publications & Research
Language:English
en_US
Published: Washington, DC 2015
Subjects:
TAX
Online Access:http://documents.worldbank.org/curated/en/2010/01/23974309/secured-transaction-systems-collateral-registries
http://hdl.handle.net/10986/21551
id okr-10986-21551
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCESS TO INFORMATION
ACCESS TO LOANS
ACCOUNTS RECEIVABLE
AMOUNT OF CREDIT
ASSET CLASSES
AUCTION
AUCTIONS
BAILIFFS
BALANCE SHEET
BANK CREDIT
BANK LENDING
BANK LIQUIDITY
BANK LOAN
BANK LOANS
BANKING CRISIS
BANKING PRACTICES
BANKING REGULATIONS
BANKING SECTOR
BANKING SYSTEM
BANKRUPTCY
BANKRUPTCY LAW
BANKRUPTCY LAWS
BENEFICIARIES
BORROWER
BUDGETING
CADASTRE
CAPITAL MARKETS
CAPITAL STOCK
CAPITALIZATION
CASH FLOW
CASH FLOWS
CENTRAL BANK
CENTRAL BANKS
CIVIL CODE
CIVIL LAW
COLLATERAL
COLLATERAL AGREEMENT
COLLATERAL AGREEMENTS
COLLATERAL LAW
COLLATERAL LAWS
COLLATERAL REGISTRIES
COLLATERAL REGISTRY
COLLATERAL REQUIREMENTS
COLLECTION PROCESS
COMMERCIAL BANKS
COMMERCIAL CODE
COMMERCIAL CREDIT
COMMERCIAL LAW
COMMON LAW
COMPETITIVE MARKETS
CONTRACTUAL OBLIGATIONS
CORPORATE GOVERNANCE
CREDIT BUREAU
CREDIT BUREAUS
CREDIT DECISION
CREDIT DECISIONS
CREDIT INFORMATION
CREDIT INFORMATION SYSTEM
CREDIT INFORMATION SYSTEMS
CREDIT LINE
CREDIT MARKET
CREDIT MARKETS
CREDIT POLICIES
CREDIT PROGRAMS
CREDIT REPORTING
CREDIT RISK
CREDIT SCORING
CREDIT SYSTEMS
CREDITOR
CREDITORS
DEBT SERVICE
DEBTOR
DEBTORS
DEBTS
DECENTRALIZATION
DEFAULTS
DEPOSIT
DEPOSIT ACCOUNTS
DEVELOPING COUNTRIES
DEVELOPMENT BANK
DURABLE
DURABLE GOODS
ECONOMIC DEVELOPMENT
EMERGING MARKET
EMERGING MARKET COUNTRIES
EMERGING MARKETS
ENFORCEMENT PROCEDURES
EQUIPMENT
FACE VALUE
FINANCIAL CRISIS
FINANCIAL INFRASTRUCTURE
FINANCIAL INSTABILITY
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL MARKET
FINANCIAL RISKS
FINANCIAL STABILITY
FINANCIAL STATEMENTS
FINANCIAL SUPPORT
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FORECLOSURE
FOREIGN BANKS
GROSS DOMESTIC PRODUCT
HUMAN RESOURCES
IMMOVABLE ASSETS
IMMOVABLE PROPERTY
INDIVIDUAL LOANS
INFORMATION TECHNOLOGY
INSTITUTIONAL CAPACITY
INSURANCE
INTELLECTUAL PROPERTY
INTEREST RATES
INTERNATIONAL BANKS
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL CRISES
INTERNATIONAL FINANCIAL SYSTEM
INTERNATIONAL INTERESTS
INTERNATIONAL SETTLEMENTS
INTERNATIONAL TRADE
INVENTORIES
INVENTORY
INVENTORY COLLATERAL
INVESTMENT CLIMATE
INVESTMENT INSTRUMENTS
JUDICIAL SYSTEM
LEGAL ENVIRONMENT
LEGAL FRAMEWORK
LEGAL PROVISIONS
LEGAL REFORM
LEGAL REFORMS
LEGAL RIGHTS
LEGAL SYSTEM
LEGAL SYSTEMS
LEGAL TRADITION
LEGAL TRADITIONS
LENDER
LENDERS
LENDING DECISION
LENDING DECISIONS
LEVEL OF RISK
LIENS
LINE OF CREDIT
LIQUID ASSETS
LIQUIDATION
LIQUIDITY
LOAN
LOAN AGREEMENTS
LOAN DEFAULT
LOCAL BANKS
LOCAL CAPACITY
LOCAL CURRENCY
MACROECONOMIC POLICIES
MARKET INFRASTRUCTURE
MARKET VALUE
MICROFINANCE
MICROFINANCE INSTITUTIONS
MORTGAGE
MORTGAGES
MOTOR VEHICLE REGISTRY
MOVABLE ASSET
MOVABLE ASSETS
MOVABLE COLLATERAL
MOVABLE PROPERTY
MOVABLE PROPERTY AS COLLATERAL
NATIONAL BANK
NATIONAL DEBT
NON-PERFORMING LOANS
NOTARIES
NOTARY
ORIGINAL ASSETS
PAYMENT SYSTEMS
PERSONAL GUARANTEES
PERSONAL PROPERTY
POLITICAL ECONOMY
POLITICAL RISKS
PORTFOLIOS
PRIVATE CREDIT
PRIVATE SALE
PRIVATE SECTOR BANKS
PRIVATE SECTOR CREDIT
PROPERTY AS COLLATERAL
PROPERTY RIGHTS
PUBLIC REGISTRIES
PUBLIC REGISTRY
REAL ESTATE AS COLLATERAL
REAL ESTATE COLLATERAL
REGISTRATION PROCESS
REGISTRY REFORMS
REGISTRY SYSTEMS
REGULATORY AUTHORITY
REMITTANCES
REPAYMENT
REPAYMENT HISTORY
REPAYMENT PERIODS
RESERVE
RESERVE REQUIREMENTS
RETENTION OF TITLE
RISK EVALUATION
RISK MANAGEMENT
SECONDARY MARKET
SECURITY AGREEMENTS
SECURITY INTEREST
SECURITY INTERESTS
SEIZURE
SEIZURE OF COLLATERAL
SHAREHOLDERS
TAX
TELECOMMUNICATIONS
TRANSACTION
TRANSACTIONS LAW
TRANSACTIONS LAWS
TRANSACTIONS SYSTEM
TRANSACTIONS SYSTEMS
TURNOVER
UNSECURED LOANS
USE OF COLLATERAL
VALUABLE ASSETS
VEHICLE REGISTRY
WAREHOUSES
WORKING CAPITAL
spellingShingle ACCESS TO INFORMATION
ACCESS TO LOANS
ACCOUNTS RECEIVABLE
AMOUNT OF CREDIT
ASSET CLASSES
AUCTION
AUCTIONS
BAILIFFS
BALANCE SHEET
BANK CREDIT
BANK LENDING
BANK LIQUIDITY
BANK LOAN
BANK LOANS
BANKING CRISIS
BANKING PRACTICES
BANKING REGULATIONS
BANKING SECTOR
BANKING SYSTEM
BANKRUPTCY
BANKRUPTCY LAW
BANKRUPTCY LAWS
BENEFICIARIES
BORROWER
BUDGETING
CADASTRE
CAPITAL MARKETS
CAPITAL STOCK
CAPITALIZATION
CASH FLOW
CASH FLOWS
CENTRAL BANK
CENTRAL BANKS
CIVIL CODE
CIVIL LAW
COLLATERAL
COLLATERAL AGREEMENT
COLLATERAL AGREEMENTS
COLLATERAL LAW
COLLATERAL LAWS
COLLATERAL REGISTRIES
COLLATERAL REGISTRY
COLLATERAL REQUIREMENTS
COLLECTION PROCESS
COMMERCIAL BANKS
COMMERCIAL CODE
COMMERCIAL CREDIT
COMMERCIAL LAW
COMMON LAW
COMPETITIVE MARKETS
CONTRACTUAL OBLIGATIONS
CORPORATE GOVERNANCE
CREDIT BUREAU
CREDIT BUREAUS
CREDIT DECISION
CREDIT DECISIONS
CREDIT INFORMATION
CREDIT INFORMATION SYSTEM
CREDIT INFORMATION SYSTEMS
CREDIT LINE
CREDIT MARKET
CREDIT MARKETS
CREDIT POLICIES
CREDIT PROGRAMS
CREDIT REPORTING
CREDIT RISK
CREDIT SCORING
CREDIT SYSTEMS
CREDITOR
CREDITORS
DEBT SERVICE
DEBTOR
DEBTORS
DEBTS
DECENTRALIZATION
DEFAULTS
DEPOSIT
DEPOSIT ACCOUNTS
DEVELOPING COUNTRIES
DEVELOPMENT BANK
DURABLE
DURABLE GOODS
ECONOMIC DEVELOPMENT
EMERGING MARKET
EMERGING MARKET COUNTRIES
EMERGING MARKETS
ENFORCEMENT PROCEDURES
EQUIPMENT
FACE VALUE
FINANCIAL CRISIS
FINANCIAL INFRASTRUCTURE
FINANCIAL INSTABILITY
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL MARKET
FINANCIAL RISKS
FINANCIAL STABILITY
FINANCIAL STATEMENTS
FINANCIAL SUPPORT
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FORECLOSURE
FOREIGN BANKS
GROSS DOMESTIC PRODUCT
HUMAN RESOURCES
IMMOVABLE ASSETS
IMMOVABLE PROPERTY
INDIVIDUAL LOANS
INFORMATION TECHNOLOGY
INSTITUTIONAL CAPACITY
INSURANCE
INTELLECTUAL PROPERTY
INTEREST RATES
INTERNATIONAL BANKS
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL CRISES
INTERNATIONAL FINANCIAL SYSTEM
INTERNATIONAL INTERESTS
INTERNATIONAL SETTLEMENTS
INTERNATIONAL TRADE
INVENTORIES
INVENTORY
INVENTORY COLLATERAL
INVESTMENT CLIMATE
INVESTMENT INSTRUMENTS
JUDICIAL SYSTEM
LEGAL ENVIRONMENT
LEGAL FRAMEWORK
LEGAL PROVISIONS
LEGAL REFORM
LEGAL REFORMS
LEGAL RIGHTS
LEGAL SYSTEM
LEGAL SYSTEMS
LEGAL TRADITION
LEGAL TRADITIONS
LENDER
LENDERS
LENDING DECISION
LENDING DECISIONS
LEVEL OF RISK
LIENS
LINE OF CREDIT
LIQUID ASSETS
LIQUIDATION
LIQUIDITY
LOAN
LOAN AGREEMENTS
LOAN DEFAULT
LOCAL BANKS
LOCAL CAPACITY
LOCAL CURRENCY
MACROECONOMIC POLICIES
MARKET INFRASTRUCTURE
MARKET VALUE
MICROFINANCE
MICROFINANCE INSTITUTIONS
MORTGAGE
MORTGAGES
MOTOR VEHICLE REGISTRY
MOVABLE ASSET
MOVABLE ASSETS
MOVABLE COLLATERAL
MOVABLE PROPERTY
MOVABLE PROPERTY AS COLLATERAL
NATIONAL BANK
NATIONAL DEBT
NON-PERFORMING LOANS
NOTARIES
NOTARY
ORIGINAL ASSETS
PAYMENT SYSTEMS
PERSONAL GUARANTEES
PERSONAL PROPERTY
POLITICAL ECONOMY
POLITICAL RISKS
PORTFOLIOS
PRIVATE CREDIT
PRIVATE SALE
PRIVATE SECTOR BANKS
PRIVATE SECTOR CREDIT
PROPERTY AS COLLATERAL
PROPERTY RIGHTS
PUBLIC REGISTRIES
PUBLIC REGISTRY
REAL ESTATE AS COLLATERAL
REAL ESTATE COLLATERAL
REGISTRATION PROCESS
REGISTRY REFORMS
REGISTRY SYSTEMS
REGULATORY AUTHORITY
REMITTANCES
REPAYMENT
REPAYMENT HISTORY
REPAYMENT PERIODS
RESERVE
RESERVE REQUIREMENTS
RETENTION OF TITLE
RISK EVALUATION
RISK MANAGEMENT
SECONDARY MARKET
SECURITY AGREEMENTS
SECURITY INTEREST
SECURITY INTERESTS
SEIZURE
SEIZURE OF COLLATERAL
SHAREHOLDERS
TAX
TELECOMMUNICATIONS
TRANSACTION
TRANSACTIONS LAW
TRANSACTIONS LAWS
TRANSACTIONS SYSTEM
TRANSACTIONS SYSTEMS
TURNOVER
UNSECURED LOANS
USE OF COLLATERAL
VALUABLE ASSETS
VEHICLE REGISTRY
WAREHOUSES
WORKING CAPITAL
International Finance Corporation
Secured Transaction Systems and Collateral Registries
description The main objective of this toolkit is to provide technical advice and guidance to World Bank Group staff, donor institutions, government officials and other practitioners on the implementation of secured transactions law and institutional reforms in emerging market countries. However, the Toolkit has not been designed to eliminate the need for in-person expert advice for governments that undertake to introduce a secured transactions system. It is necessary to take into account the factors that are unique to each jurisdiction. The content of the Toolkit will guide the reader through the various stages of the project cycle (identification, diagnostic, solution design, implementation, and monitoring and evaluation) involved in the introduction of secured transactions reforms. The recommendations presented in the Toolkit are based on IFC s experience in the secured transactions area, the contributions of a number of experts in this field, existing literature, and reform experience in a number of emerging market countries and the existing best practices in jurisdictions with advanced secured transactions systems. While the Toolkit does not cover all aspects of secured transactions reform, it addresses the most important elements of such reform. The Toolkit does not address secured financing systems involving immovable property as collateral. Chapter one contains a brief discussion of the economic rationale for modern secured transactions systems. Chapter two describes the main elements that a proper diagnostic study of the state of secured transactions in a country should contain. Chapter three provides an overview of project management techniques required to support the full project cycle. One of the most important parts of the Toolkit, chapter four, which deals with the implementation of the reform, includes sections on building consensus for the reform, developing and enacting the necessary laws and regulations, designing and implementing a secured transactions registry, building local awareness and conducting secured transactions training. Chapter five of the Toolkit elaborates in detail the monitoring and evaluation strategy that should be employed following the implementation of the project to assess the effect and impact of reforms. Finally, the toolkit contains a number of annexes that include tools available to develop the different phases of the project as well as technical information.
format Publications & Research
author International Finance Corporation
author_facet International Finance Corporation
author_sort International Finance Corporation
title Secured Transaction Systems and Collateral Registries
title_short Secured Transaction Systems and Collateral Registries
title_full Secured Transaction Systems and Collateral Registries
title_fullStr Secured Transaction Systems and Collateral Registries
title_full_unstemmed Secured Transaction Systems and Collateral Registries
title_sort secured transaction systems and collateral registries
publisher Washington, DC
publishDate 2015
url http://documents.worldbank.org/curated/en/2010/01/23974309/secured-transaction-systems-collateral-registries
http://hdl.handle.net/10986/21551
_version_ 1764448547411853312
spelling okr-10986-215512021-06-14T10:43:06Z Secured Transaction Systems and Collateral Registries International Finance Corporation ACCESS TO INFORMATION ACCESS TO LOANS ACCOUNTS RECEIVABLE AMOUNT OF CREDIT ASSET CLASSES AUCTION AUCTIONS BAILIFFS BALANCE SHEET BANK CREDIT BANK LENDING BANK LIQUIDITY BANK LOAN BANK LOANS BANKING CRISIS BANKING PRACTICES BANKING REGULATIONS BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAW BANKRUPTCY LAWS BENEFICIARIES BORROWER BUDGETING CADASTRE CAPITAL MARKETS CAPITAL STOCK CAPITALIZATION CASH FLOW CASH FLOWS CENTRAL BANK CENTRAL BANKS CIVIL CODE CIVIL LAW COLLATERAL COLLATERAL AGREEMENT COLLATERAL AGREEMENTS COLLATERAL LAW COLLATERAL LAWS COLLATERAL REGISTRIES COLLATERAL REGISTRY COLLATERAL REQUIREMENTS COLLECTION PROCESS COMMERCIAL BANKS COMMERCIAL CODE COMMERCIAL CREDIT COMMERCIAL LAW COMMON LAW COMPETITIVE MARKETS CONTRACTUAL OBLIGATIONS CORPORATE GOVERNANCE CREDIT BUREAU CREDIT BUREAUS CREDIT DECISION CREDIT DECISIONS CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT INFORMATION SYSTEMS CREDIT LINE CREDIT MARKET CREDIT MARKETS CREDIT POLICIES CREDIT PROGRAMS CREDIT REPORTING CREDIT RISK CREDIT SCORING CREDIT SYSTEMS CREDITOR CREDITORS DEBT SERVICE DEBTOR DEBTORS DEBTS DECENTRALIZATION DEFAULTS DEPOSIT DEPOSIT ACCOUNTS DEVELOPING COUNTRIES DEVELOPMENT BANK DURABLE DURABLE GOODS ECONOMIC DEVELOPMENT EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS ENFORCEMENT PROCEDURES EQUIPMENT FACE VALUE FINANCIAL CRISIS FINANCIAL INFRASTRUCTURE FINANCIAL INSTABILITY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL RISKS FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SUPPORT FINANCIAL SYSTEM FINANCIAL SYSTEMS FORECLOSURE FOREIGN BANKS GROSS DOMESTIC PRODUCT HUMAN RESOURCES IMMOVABLE ASSETS IMMOVABLE PROPERTY INDIVIDUAL LOANS INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INSURANCE INTELLECTUAL PROPERTY INTEREST RATES INTERNATIONAL BANKS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL CRISES INTERNATIONAL FINANCIAL SYSTEM INTERNATIONAL INTERESTS INTERNATIONAL SETTLEMENTS INTERNATIONAL TRADE INVENTORIES INVENTORY INVENTORY COLLATERAL INVESTMENT CLIMATE INVESTMENT INSTRUMENTS JUDICIAL SYSTEM LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PROVISIONS LEGAL REFORM LEGAL REFORMS LEGAL RIGHTS LEGAL SYSTEM LEGAL SYSTEMS LEGAL TRADITION LEGAL TRADITIONS LENDER LENDERS LENDING DECISION LENDING DECISIONS LEVEL OF RISK LIENS LINE OF CREDIT LIQUID ASSETS LIQUIDATION LIQUIDITY LOAN LOAN AGREEMENTS LOAN DEFAULT LOCAL BANKS LOCAL CAPACITY LOCAL CURRENCY MACROECONOMIC POLICIES MARKET INFRASTRUCTURE MARKET VALUE MICROFINANCE MICROFINANCE INSTITUTIONS MORTGAGE MORTGAGES MOTOR VEHICLE REGISTRY MOVABLE ASSET MOVABLE ASSETS MOVABLE COLLATERAL MOVABLE PROPERTY MOVABLE PROPERTY AS COLLATERAL NATIONAL BANK NATIONAL DEBT NON-PERFORMING LOANS NOTARIES NOTARY ORIGINAL ASSETS PAYMENT SYSTEMS PERSONAL GUARANTEES PERSONAL PROPERTY POLITICAL ECONOMY POLITICAL RISKS PORTFOLIOS PRIVATE CREDIT PRIVATE SALE PRIVATE SECTOR BANKS PRIVATE SECTOR CREDIT PROPERTY AS COLLATERAL PROPERTY RIGHTS PUBLIC REGISTRIES PUBLIC REGISTRY REAL ESTATE AS COLLATERAL REAL ESTATE COLLATERAL REGISTRATION PROCESS REGISTRY REFORMS REGISTRY SYSTEMS REGULATORY AUTHORITY REMITTANCES REPAYMENT REPAYMENT HISTORY REPAYMENT PERIODS RESERVE RESERVE REQUIREMENTS RETENTION OF TITLE RISK EVALUATION RISK MANAGEMENT SECONDARY MARKET SECURITY AGREEMENTS SECURITY INTEREST SECURITY INTERESTS SEIZURE SEIZURE OF COLLATERAL SHAREHOLDERS TAX TELECOMMUNICATIONS TRANSACTION TRANSACTIONS LAW TRANSACTIONS LAWS TRANSACTIONS SYSTEM TRANSACTIONS SYSTEMS TURNOVER UNSECURED LOANS USE OF COLLATERAL VALUABLE ASSETS VEHICLE REGISTRY WAREHOUSES WORKING CAPITAL The main objective of this toolkit is to provide technical advice and guidance to World Bank Group staff, donor institutions, government officials and other practitioners on the implementation of secured transactions law and institutional reforms in emerging market countries. However, the Toolkit has not been designed to eliminate the need for in-person expert advice for governments that undertake to introduce a secured transactions system. It is necessary to take into account the factors that are unique to each jurisdiction. The content of the Toolkit will guide the reader through the various stages of the project cycle (identification, diagnostic, solution design, implementation, and monitoring and evaluation) involved in the introduction of secured transactions reforms. The recommendations presented in the Toolkit are based on IFC s experience in the secured transactions area, the contributions of a number of experts in this field, existing literature, and reform experience in a number of emerging market countries and the existing best practices in jurisdictions with advanced secured transactions systems. While the Toolkit does not cover all aspects of secured transactions reform, it addresses the most important elements of such reform. The Toolkit does not address secured financing systems involving immovable property as collateral. Chapter one contains a brief discussion of the economic rationale for modern secured transactions systems. Chapter two describes the main elements that a proper diagnostic study of the state of secured transactions in a country should contain. Chapter three provides an overview of project management techniques required to support the full project cycle. One of the most important parts of the Toolkit, chapter four, which deals with the implementation of the reform, includes sections on building consensus for the reform, developing and enacting the necessary laws and regulations, designing and implementing a secured transactions registry, building local awareness and conducting secured transactions training. Chapter five of the Toolkit elaborates in detail the monitoring and evaluation strategy that should be employed following the implementation of the project to assess the effect and impact of reforms. Finally, the toolkit contains a number of annexes that include tools available to develop the different phases of the project as well as technical information. 2015-02-26T22:42:25Z 2015-02-26T22:42:25Z 2010 http://documents.worldbank.org/curated/en/2010/01/23974309/secured-transaction-systems-collateral-registries http://hdl.handle.net/10986/21551 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ Washington, DC Publications & Research Publications & Research :: Working Paper