Security: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Layout.)
imported>Doug Williamson
(l)
Line 6: Line 6:




2. ''Credit risk - legal and commercial risk.''
2. ''Credit risk - legal risk - commercial risk.''


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




3. ''Stocks, shares and similar assets.''
3. ''Stocks - shares - similar assets.''


A tradeable legal claim upon the assets of the issuer of the security.   
A tradeable legal claim upon the assets of the issuer of the security.   
Line 23: Line 23:




5. ''Controls, systems and procedures.''
5. ''Controls - systems - procedures.''


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

Revision as of 14:16, 17 March 2021

1. Collateral.

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. Credit risk - legal risk - commercial risk.

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


3. Stocks - shares - similar assets.

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

Examples of traded securities include shares and bonds.


4. Safety - confidentiality.

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


5. Controls - systems - procedures.

Systems and procedures to improve safety.

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


See also