Coercive restructuring of insolvent banks unsecured debt would be next.

I have 4 billion in residential CDOs, collateralized debt obligations.

Valuation of secured claims

This means no cross border sovereign debt (or esoteric instruments, such as collateralized debt obligations).

As a result, the spread of the Colombia Plan, despite its meager and ambivalent results, has remained obscured.

Insecure title affects decisions to invest and inhibits the use of land as collateral or the issuing of loans or mortgages.

Payment of interest may be limited, however, to the extent that the value of the encumbered asset exceeds the value of the secured claim.

Recommendations of the draft legislative guide on secured transactions

on Secured Transactions

However, the holder of a CDO or MBS would be unable to take these homeowners to court. And even if he succeeded, homeowners could simply return their house keys, as they, too, enjoy the protection of non recourse.

(c ) Colloquium on Reform of Secured transactions Law the draft UNCITRAL Legislative Guide on Secured Transactions (Clermont Ferrand, France 23 April 2004)

(cc) Bank account means, subject to law other than secured transactions law, an account maintained by a bank into which funds may be deposited.

Parties, security rights, secured obligations and assets covered

Lending to foreign governments is in many ways inherently riskier than unsecured private debt or junk bonds.

Agriculture in Mali also needed to be protected against the uncertainties of climate, in particular through mechanization and the improvement of farming practices.

But he who bears with patience and forgives , surely complies with divine resolve .

And indeed whoever patiently endured and forgave then indeed these are acts of great courage .

But surely he who bears patiently and is forgiving surely that is true constancy .

And whosoever forbeareth and forgiveth that verily is of the firmness of affairs .

And verily , whosoever shows patience and forgives that would truly be from the things recommended by Allah .

But whoever endures patiently and forgives that is a sign of real resolve .

But he who patiently endures and forgives , that is a conduct of great resolve .

And verily whoso is patient and forgiveth lo ! that , verily , is ( of ) the steadfast heart of things .

As for someone who endures patiently and forgives that is indeed the steadiest of courses .

Surely , he who bears patiently and forgives indeed that is true constancy .

And whoever is patient and forgives indeed , that is of the matters requiring determination .

To exercise patience and forgive ( the wrong done to one ) is the proof of genuine determination .

And whoever is patient and forgiving , these most surely are actions due to courage .

whoever is patient and forgiving , acts with great courage and resolution .

But indeed if any show patience and forgive , that would truly be an exercise of courageous will and resolution in the conduct of affairs .

CDOs, collateralized debt obligations, are derived from mortgage backed securities.

And that's what these residential CDOs are, that are the crux of the issue.

From 1991, non guaranteed loans flows took a negative turn, 0.4 billion increasing to 2 billion in 1992.

These transactions are essentially non possessory security rights, and they are primarily used in States where the secured transactions law has not yet appropriately recognized non possessory security rights.

The main conditions for success of decentralization include secure tenure and secure fiscal, revenue and taxation power, as well as control over decision making, resources, products and markets.

Credit lines secured by home equity provided another new way to finance spending.

Yet greater short term insecurity seems inevitable as geographic diversity of supply is reduced and reliance on vulnerable supply routes grows.

K. Harmonize secured transactions laws, including conflict of laws rules

(k) Harmonize secured transactions laws, including conflict of laws rules.

Because they know that that is one sure way to do carbon free energy.

If the value exceeds the claim, the secured creditor will not be harmed by the diminution of value until that value becomes insufficient to pay the secured claim.

As with CDOs, however, this might be a Pyrrhic victory.

(a) Provision of credit loans through group guaranteed and individual lending schemes

While a big US rating agency gave European companies, on average, only a triple B rating in recent years, CDOs based on MBSs easily obtained triple A ratings. According to the IMF, 80 of CDOs were in this category.

Indeed, more triple A CDOs were created than there were underlying triple A assets.