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Topic: Collateral (finance)

	Secured Transactions: The Power of Collateral - Finance & Development - June 1996
		Collateral may be real estate or personal property--tangible personal property such as inventory, equipment, livestock, and tractors; or intangible personal property such as unsecured accounts owed to merchants (accounts receivable) and secured agreements (chattel paper).
		When borrowers cannot use their assets as collateral for loans and cannot purchase goods on credit using the goods themselves as collateral, interest rates on loans tend to be higher to reflect the risk to lenders.
		The need to identify the collateral so specifically undermines the secured transaction because the bank must ensure that the cattle designated in the pledge are available to be seized in the event of nonpayment--the lender is not allowed to repossess a different group of cows.
	www.worldbank.org /fandd/english/0696/articles/0150696.htm (2622 words)

	Collateral (finance) - Wikipedia, the free encyclopedia
		For example, in the case of a mortgage the house serves as the collateral for the mortgage loan.
		Collateral, especially within banking, may traditionally refer to secured lending (also known as asset based lending) as well as more recently as collateralisation arrangements to secure trade transactions (also known as capital market collateralization).
		The former often presents unillateral obligations, secured in the form of property, surety, guarantee or other as collateral (originally denoted by the term security), whereas the latter often presents billateral obligations secured by more liquid assets such as cash or securities, often known as margin.
	en.wikipedia.org /wiki/Collateral_(finance) (242 words)

	The Repurchase Agreement Refined: GCF Repo - Federal Reserve Bank of New York (Site not responding. Last check: 2007-11-05)
		They are widely used by dealers to finance their market-making and risk-management activities and they provide a safe and low-cost way for mutual funds, depository institutions, and others to lend surplus funds.
		A general collateral RP is a repurchase agreement in which the lender of funds is willing to accept any of a variety of Treasury and other related securities as collateral.
		Collateral substitution requires two settlements, one when the lender delivers the original collateral back to the borrower against payment, and the second when the borrower delivers the new collateral to the lender, also against payment.
	www.ny.frb.org /research/current_issues/ci9-6/ci9-6.html (3715 words)

	Federal Register Notice - May 8, 1998
		Although the Finance Board has concluded that, as a matter of law, the Bank Act does not necessarily require that LOCs be collateralized fully at the time of issuance, it has determined that such a requirient is advisable as a matter of safe and sound banking practice.
		Because the type of collateral that a FHLBank may accept to secure advances to nonmibers is linked, by statute, to the purpose of the advance, the purpose for which a LOC is issued on behalf of a nonmiber also must govern the type of collateral that the FHLBank may accept to secure the LOC.
		Collateral pledged by a miber or nonmiber mortgagee to secure a letter of credit issued or confirmed on its behalf by a Bank shall be subject to the provisions of Secs.
	www.epa.gov /swerosps/bf/html-doc/fr_fhfbb.htm (6192 words)

	In re Cilek (U)
		Honda Finance argues that the Debtor's IRAs are not exempt as a matter of law because the Debtor is not presently receiving payments and the Debtor has the power to withdraw funds at any time.
		The burden of proof is on Honda Finance to show by clear and convincing evidence that the Debtor knew that his actions would harm Honda Finance and that he acted in the face of this knowledge.
		Honda Finance argues that because the Debtor has the ability to save $600.00 per month, he can fund a new pension and the old pension - the IRAs at issue - is not reasonably necessary for the Debtor's support.
	www.wiw.uscourts.gov /bankruptcy/Decisions_tsu/dec1.htm (14155 words)

	Lender requiring co-signer and collateral (Site not responding. Last check: 2007-11-05)
		By the way, the reason they gave for requiring the car as collateral is that he had offered it, even though it was offered as collateral before a co-signer was mentioned.
		The lender requiring collateral along with having a co-signer on the loan is using a belt-and-suspenders approach to lending, but as long as your husband agrees to have the car as collateral on the loan, the lender's not doing anything wrong.
		If your husband doesn't want the car used as collateral, he should not agree to it as part of the loan terms and see if he is approved with just having the loan co-signed.
	www.bankrate.com /brm/news/DrDon/20040421a1.asp?rss=1 (500 words)

	Social Finance Unit: Collateral, Collateral Law and Collateral Substitutes (Site not responding. Last check: 2007-11-05)
		The collateralization of loan contracts is at the intersection of several fields: in financial sector development, the possession of collateral largely determines whether certain categories of economic agents obtain access to the financial market and whether financial contracts are efficiently concluded, i.e.
		Collateral substitutes are being used both within special schemes and in "mainstream" operations; it is not clear whether the use of collateral substitutes in mainstream operations is the result of experiences made in special schemes.
		Collateralization is closely linked to loan size: the larger the loan, the more likely is a collateral requirement; however, the cost of establishing and enforcing security interest is not necessarily related to loan size, but contingent on borrower characteristics and the legal and regulatory framework.
	www.ilo.org /public/english/employment/finance/papers/collat.htm (18132 words)

	Social Finance Unit: Securing Small Loans:The Transaction Costs of Taking Collateral (Site not responding. Last check: 2007-11-05)
		Collateral substitution is a technique which replaces conventional assets, which have a market value and can be repossessed through legal and judicial process, by "assets" without market value and to which claims cannot be or are generally not enforced through courts.
		Collateral is to protect the lender against risk, it screens potential borrowers and is an incentive to respect the repayment obligation.
		This ILO survey seeks to help determine the importance of collateral and collateral substitutes for loan securization for banks, the extent to the bank's choice in using different types of collateral is predetermined by regulatory authorities, and banks' perception of the costs involved in securing loans through collateral.
	www.ilo.org /public/english/employment/finance/reports/transac.htm (10405 words)

	Welcome to National Finance Adjusters (Site not responding. Last check: 2007-11-05)
		To the members of the lending\leasing industry who deal with collateral recovery, National Finance Adjusters is readily recognized as the oldest, most professional association of its type in the world.
		National Finance Adjusters contributes to the industry by providing educational seminars and a library of articles concerning different phases of collateral recovery.
		National Finance Adjusters, Inc. is the single most effective and creditable source of information to both the professional recovery specialist and the future-minded installment loan collector.
	www.nfa.org (414 words)

	Minnesota Statutes 2005, 9.031
		In lieu of the corporate bond required in subdivision 2, a depository may deposit with the commissioner of finance collateral to secure state funds that are to be deposited with it.
		If both bonds and collateral are furnished the depository may withdraw all or any part of the collateral without in any way impairing the bond unless there is a provision in the bond that the collateral will not be withdrawn without the consent of the surety on the bond.
		Upon direction of the commissioner of finance a depository may receive and carry as a special deposit an amount of money withdrawn from the treasury that may be immediately required to pay principal or interest, or both, of maturing obligations of the state.
	www.revisor.leg.state.mn.us /stats/9/031.html (1371 words)

	Collateral - Wikipedia, the free encyclopedia
		Collateral (finance) in finance means a security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay.
		Collateral (film) is also the name of a 2004 action/thriller film.
		This is a disambiguation page: a list of articles associated with the same title.
	en.wikipedia.org /wiki/Collateral (127 words)

	OSCN Found Document:BENEFICIAL FINANCE CO. OF NORMAN v. MARSHALL
		Under Section 3-606(1)(b) the accommodation party is discharged when, without his consent, the holder "unjustifiably impairs any collateral for the instrument." The major question in this appeal is whether Garren was discharged under this section when the collateral for the loan was sold by the principal debtor with the express authority of the creditor.
		Thus the majority have declined to restrict the impairment of collateral defense to cases involving the diminishment of the physical value of the collateral itself and have held that the term embraces the failure to perfect a security interest in the collateral as well.
		Accordingly, we hold that the sale of the collateral without Garren's express consent constituted an unjustifiable impairment of collateral within the meaning of Section 3-606, and that because the value of the collateral exceeded the value of the debt, Garren was totally discharged.
	www.oscn.net /applications/oscn/deliverdocument.asp?citeid=47207 (2508 words)

	Collateral Salvage - Finance - CFO.com (Site not responding. Last check: 2007-11-05)
		In an IP collateralization deal, however, the borrower pledges its intangible assets — such as patents, trademarks, and copyrights — along with its tangibles.
		A more valuable collateral pool means greater availability and thus the potential for a bigger loan.
		The problem, however, is that lenders tend to be wary of using intangibles as collateral because of the difficulty in placing a value on such assets.
	www.cfo.com /article.cfm/4032858?f=home_featured (659 words)

	FAO of the UN : Rural Finance
		This report was prepared by the Rural Finance Group in collaboration with ALIDE, following studies of the role and importance of collateral in agricultural and rural loans in ten Latin American countries.
		Different types of conventional collateral, e.g., third party guarantee, mortgage, pledged assets, guarantee funds, are examined in terms of their legal and economic characteristics.
		The Rural Finance Group has been involved in the production of two videos on the subject of savings, which are intended to be used by financial service providers.
	www.fao.org /ag/ags/subjects/en/ruralfinance/financial.html (717 words)

	Government Securities Clearing Corporation: No-Action Letter / October 19, 2001
		In a general collateral repo that is settled through GSCC, the buyer and its counterparty (which are both GCF dealers) do not specify the U.S. government securities that will serve as collateral for the repurchase agreement; rather, they permit the delivery of any one or more U.S. government securities represented by generic CUSIP numbers.
		In general, a fund maintains the securities that collateralize its repurchase agreements with the fund's custodian, or an entity that qualifies as a custodian under the 1940 Act.
		In a general collateral repo settled through GSCC, the buyer and its counterparty (which are both GCF dealers) do not specify the U.S. government securities that will serve as collateral for the repurchase agreement; rather they permit the delivery of any one or more securities represented by generic CUSIP numbers.
	www.sec.gov /divisions/investment/noaction/government101901.htm (3344 words)

	Entrepreneur: Property Rights - business collateral
		This new loan was collateralized with the restaurant property, all the equipment, Alvino's home and a personal guarantee.
		The difference between Alvino's old loan and the new one went to Alvino, who used the proceeds to finance the expansion of his restaurant.
		Remember, lenders take collateral so it can be liquidated - sold off and turned into cash - in the event the business runs into trouble.
	www.findarticles.com /p/articles/mi_m0DTI/is_9_27/ai_56027147 (1471 words)

	FTC Rule
		ITT paid the balance of the loan proceeds to an insurance company to insure the debtor and the collateral: $61.63 for credit life insurance; $283.20 for credit disability insurance; $184.91 for insurance of the collateral against "multiple perils".
		Carlos approached ABC Finance ("Finance") for a $40,000 loan, to be used in part to help finance his sister's education and in part to retain a lawyer as counsel to a non-profit association Carlos wanted to form to help preserve Lake Tahoe from the adverse consequences of development.
		Finance was willing to make the loan, secured by the books (which would remain on loan to the Library).
	www.scu.edu /law/FacWebPage/Neustadter/article9/main/problems/15.html (435 words)

	Commercial Mortgage Glossary : Commercial Mortgage, Structured Finance, Bridge Loan, Mixed-Use Property Financing, and ...
		– risk of loss of collateral value and of lender liability due to the presence of hazardous materials, such as asbestos, PCB’s, radon or leaking underground storage tanks (LUSTS) on a property.
		The ratio is commonly expressed to a potential borrower as the percentage of value a lending institution is willing to finance.
		YTM can be approximated using a bond value table (also referred to as a "bond yield table") or can be determined using a programmable calculator equipped for bond mathematics calculations.
	www.winterandcompany.com /comm_terms.html (4760 words)

	Business Loan, FICO score, Government Small Business Loan, Government Business Loan
		Most all sources of financing or credit have come to rely on a four letter word to score your credit worthiness: FICO.
		Before seeking financing or credit, it is a good idea to know where your FICO score stands.
		Common types of collateral are equity in your home, accounts receivable, inventory of the business and equipment.
	www.myownbusiness.org /s8 (3115 words)

	SSF e-News Global One
		J.P. Morgan Chase and Co. and SunGard Securities Finance, an operating group of SunGard (NYSE: SDS), announced today the completion of a two-way link between SunGard’s Global One, a leading securities lending platform, and J.P. Morgan Chase’s clearance and collateral management system, breaking new ground in integration.
		The link enables collateral providers to automatically upload collateral movements from Global One into J.P. Morgan Chase’s clearance and collateral management system removing the need to re-key trades and enabling both sides of the transaction to directly download collateral position files back into Global One from J.P. Morgan Chase’s dedicated website.
		Brian Traquair, president of SunGard Securities Finance, said, "This deal is the result of a rigorous development and testing process between SunGard and J.P. Morgan Chase.
	wealthnews.sungard.com /ssfenews/spring2003/jpmorgan.html (432 words)

	General Collateral Fiinance Repo Service (Site not responding. Last check: 2007-11-05)
		Plans for establishing an interdealer triparty repo trading market for general collateral and possibly mortgage-backed securities repo trading were described at the Government Securities Operations Conference held in Palm Beach Gardens in November.
		The initiative, which is a result of efforts by the Association's Funding Division and strong industry interest, is being designed by the GSCC in conjunction with the two major clearing banks for broker-dealers -- The Chase Manhattan Bank and The Bank of New York.
		Standardized generic CUSIPs will be used to specify the type of collateral that a dealer will accept as repo buyer.
	www.bondmarkets.com /newsletters/1997/bmn12771.shtml (220 words)

	Collateral Specialists Inc. \| CSI Executive Team (Site not responding. Last check: 2007-11-05)
		wholly owns Collateral Specialists Inc. He has over twenty-five years of experience in developing and implementing collateral finance programs for financial institution and borrowers.
		He is also a past chairperson of the suppliers committee of the United Association of Equipment Leasing (UAEL).
		has been involved in the systems analysis area of the collateral management industry for the last nine years.
	www.collateralspecialists.com /about/ExecutiveTeam.html (145 words)

	Financial Products and Services offered by GE Commercial Distribution Finance (Site not responding. Last check: 2007-11-05)
		Managing your collateral can be a full-time job.
		To meet this critical business need, GE Commercial Distribution Finance (CDF) provides professional, highly skilled Field Service Representatives (FSRs) who know how to conduct on-site inspection and auditing services with a full range of collateral management solutions.
		GE Commercial Distribution Finance currently manages collateral in every U.S. state, Canada and Europe with markets including: computers and electronics, industrial and construction equipment, marine, motorsports, musical instruments, recreational vehicles and transportation.
	www.gecdf.com /product/collateral.html (235 words)

	Asset Based Collateral Finance Field Examinations
		“PNC Bank has extremely high confidence in the collateral auditing capabilities of TLS and their highly experienced and talented staff.
		Their reports are comprehensive and insightful from a collateral analysis standpoint, but more importantly provide a more detailed analysis and information on the company, accounting practices and personnel.
		Asset-Based Collateral Examinations can be tailored to your specific needs.
	www.trumpservices.com /services.html (143 words)

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