Security: Difference between revisions

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imported>Doug Williamson
m (Spacing 20/8/13)
imported>Doug Williamson
(Add Definition 2 relating to forms of credit risk security other than the pledging of assets, and consequential changes to numbering other definitions.)
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2.  
2.
 
Other improvements to the legal or commercial position of a lender or another party, particularly in relation to credit risk.
 
 
3.  


A tradable legal claim upon the assets of the issuer of the security.   
A tradable legal claim upon the assets of the issuer of the security.   
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3.  
4.  


Safety, including both physical safety and - for example - the confidentiality of information.
Safety, including both physical safety and - for example - the confidentiality of information.




4.  
5.  


Systems and procedures to improve safety.   
Systems and procedures to improve safety.   

Revision as of 12:24, 21 March 2015

1.

Assets pledged by a borrower, as additional protection for the lender's interest.

For example a residential mortgage loan, for which the security is the residential property mortgaged to the lender.


2.

Other improvements to the legal or commercial position of a lender or another party, particularly in relation to credit risk.


3.

A tradable legal claim upon the assets of the issuer of the security.

Examples of traded securities include shares and bonds.


4.

Safety, including both physical safety and - for example - the confidentiality of information.


5.

Systems and procedures to improve safety.

Including for example both physical access controls and electronic controls such as encryption and passwords.


See also

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