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...
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| Format: | Publications & Research |
| Language: | English en_US |
| Published: |
Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2010/01/23974309/secured-transaction-systems-collateral-registries http://hdl.handle.net/10986/21551 |
| Summary: | 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. |
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