Credit & Security
About This Course
By the end of the course, participants would be able to:
1. Understand the principles and regulatory framework governing bank supervision, unsecured lending, and the Moneylenders' Act, and their implications for credit granting and security taking by banks;
2. Analyze and evaluate the general regulation of giving security, including the characteristics, advantages, and limitations of various security devices such as pledges, trust receipts, Romalpa clauses, factoring, stocks and shares as security, and guarantees and indemnities;
3. Develop practical skills in assessing and structuring secured credit arrangements, including the identification of appropriate security devices and the negotiation and drafting of security agreements to ensure commercial effectiveness and risk mitigation; and
4. Demonstrate the ability to critically evaluate and apply the principles of credit and security law in real-world scenarios, identifying potential legal issues and proposing effective strategies and solutions to address them in compliance with relevant regulatory requirements.
What You'll Learn
This course examines the granting of credit and the taking of security by bank as well as aspects of bank supervision. The course starts with the Part on Bank Supervision and then turns to the discussion of unsecured lending and the Moneylenders' Act. It then focuses on secured credit. The discussion of the general regulation of the giving of security is followed by an examination of specific security devices, such as pledges, trust receipts, Romalpa clauses, factoring, stocks and shares as security, and guarantees and indemnities. The emphasis throughout is on the commercial effectiveness of the system.
Entry Requirements
A good Bachelor's or Juris Doctor degree in Law