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.

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.

Art. Every person in the United Mexican States shall enjoy the guarantees guaranteed by the present Constitution.

It was stated that a modern regime on secured transactions could simply not ignore bank accounts.

Licensing of exports will take place with a view to observing norms ensured through national security and the protection of our cultural and artistic heritage.

MUNICH Once upon a time, stocks were risky and collateralized securities were safe.

And according to an NBER working paper by Efraim Benmelech and Jennifer Dlugosz, 70 of the CDOs received a triple A rating even though the MBSs from which they were constructed had just a B rating, on average, which would have made them unmarketable.

The only secure, predictable Russia is one that offers not Christian energy, but rule of law energy.

The recommendations of the Guide are addressed to national legislators considering reform of domestic secured transactions laws.

This Guide adopts terminology to express the concepts that underlie an effective secured transactions regime.

This approach is only necessary where the value of the encumbered asset is less than the amount of the secured claim.

(dd) Intellectual property right includes, subject to law other than the secured transactions law, patents, trademarks, service marks, trade secrets, copyright and related rights and designs.

It was also agreed that the commentary should discuss the impact of recommendation 2 in the context of an integrated and a non integrated approach to secured transactions law.

The Commission's decision to undertake work in the area of secured credit law was taken in response to the need for an efficient legal regime that would remove legal obstacles to secured credit and could thus have a beneficial impact on the availability and the cost of credit.

For years, hundreds of billions of new mortgage backed securities (MBSs) and collateralized debt obligations (CDOs) generated from them were sold to the world to compensate for the lack of savings in the United States and to finance American housing investment.

The Commission's decision to undertake work in the area of secured credit law was taken in response to the need for an efficient legal regime that would remove legal obstacles to secured credit and could thus have a beneficial impact on the availability and the cost of credit.

As a result, the CDO market did not so much spread risk as it shifted and hid it.