(g) Security agreement means an agreement between a grantor and a creditor, in whatever form or terminology, that creates a security right.

The law should also permit discharge of a registration by agreement of the secured creditor and the grantor.

(d) Secured creditor means a creditor that has a security right.

Why not creditor rights?

Any such agreement does not affect the relationship between the issuer guarantor or nominated person paying the proceeds and the beneficiary (the secured creditor).

But China is a net creditor.

(ii) A creditor of the assignor or

In the insolvency of a non grantor debtor, the creditor is an unsecured creditor with an unsecured claim against the non grantor debtor.

It may be that, as between the grantor and the secured creditor, the secured creditor has agreed to treat the proceeds as encumbered assets.

As an immature creditor lender, the trade balance and current account are in surplus as well as a mature creditor lender, the trade balance returns to deficit finally, as a creditor borrower, the country s current account swings into deficit.

One approach is for the valuation, at least in the first instance, to be determined through agreement by the parties (being the debtor, or insolvency representative, and the secured creditor).

In every currency union, there are creditor and debtor regions.

This will perpetuate the division between creditor and debtor countries.

Rights and obligations of the grantor and the secured creditor

Moreover, most creditor Governments had difficulty in recommending debt forgiveness.

Without fundamental changes in its economic growth pattern, it is difficult to imagine how China can become an immature creditor lender and a mature creditor lender.

The law should provide that the security agreement must, at a minimum, identify the secured creditor and the grantor, and reasonably describe the secured obligation and the assets to be encumbered.

Japan is a net creditor and largely finances its debt domestically.

As the strongest creditor country, Germany has emerged as the hegemon.

Note should be taken in particular of the agreement reached during the current year in Paris for restructuring the external debt of the former Soviet Union as well as the restructuring agreement signed at Madrid in early October with the London Club of creditor banks.

A security right will also have little or no value to a creditor unless the creditor is able to enforce the security right in a predictable and efficient manner.

Collateral law reform, as mentioned previously, should also help enhance creditor rights.

If the secured creditor and the depositary institution are the same person, the law should provide that the secured creditor automatically has control upon the creation of the security right.

(a) The title of a creditor who retains title to goods to secure payment of the purchase price of the goods or its economic equivalent under a financial lease or hire purchase agreement and

Risk premiums widened, and the eurozone was divided into creditor and debtor countries.

Japan also became the world s largest creditor and largest donor of foreign aid.

Under the third method of obtaining control, as between the issuer guarantor or nominated person paying the proceeds and the secured creditor, the secured creditor is the beneficiary of the independent undertaking.

an agreement between creditor countries running current account surpluses and debtor countries running current account deficits to maintain an orderly financing of deficits and a recycling of creditors surpluses to avoid disorderly adjustment of such imbalances.

Net contributors would be locked into a relationship with the markets a convincing creditor.

By contrast, the ratio in Germany, Europe s largest creditor, is only 3.5 to one.

Reflecting the divergence in economic performance, Europe became divided into creditor and debtor countries.

Creditor developed countries should adopt the Trinidad and Tobago terms for low income countries.

The draft Principles benchmark the effectiveness of insolvency and creditor rights systems and offer guidance to policymakers on the policy choices required to establish or strengthen a functional system for healthy debtor creditor relations.

Since, at the time of eventual distribution, the extent to which the secured creditor will receive priority will be limited by the value of the encumbered asset, that depreciation can prejudice the secured creditor.

In the later stages, the country becomes a net creditor, running an investment income surplus.

The first party is the creditor, which is the lender of property, service or money.

The role of creditor committees is to be determined on a case by case basis

Another concern is the potential ability of a secured creditor to exercise influence over a business, to the extent that the creditor may seize, or threaten seizure of, the encumbered assets of that business upon default.

The law should provide that, unless the parties otherwise agree, a security right becomes effective as between the parties at the time the security agreement is concluded or at the time the encumbered assets are delivered to the secured creditor.

Let the creditor seize all that he has. Let strangers plunder the fruit of his labor.

Forgiving the disproportionate debt that continues to cripple developing economies will not make creditor countries poor.

The latter negotiate a menu of options for creditor banks on a country by country basis.

Positive trends in that area were indisputably linked to greater cooperation between debtor and creditor countries.

(ii) Possessory security right means a security right in tangibles that are in the actual possession of the secured creditor or of another person (other than the debtor or other grantor) holding the asset for the secured creditor.

(jj) Non possessory security right means a security right in (i) tangibles that are not in the actual possession of the secured creditor or another person holding the tangibles for the benefit of the secured creditor, or (ii) intangibles.