1. Security Interest Legislation SURVEY Commercial Enforcement and Insolvency Systems Legal Vice Presidency The World Bank

2. Legal Vice Presidency The World Bank Security Interests 100% the law creates a property interest that allows the holder to execute against the security 18% collateral must be owned by the debtor

3. Legal Vice Presidency The World Bank General use of security devices in lending practices 36% 64% 0% 10% 20% 30% 40% 50% 60% 70% RoutinelyFrequentlySometimesInfrequentlyNever or almost never

4. Legal Vice Presidency The World Bank Assets allowed to be used as collateral

5. Legal Vice Presidency The World Bank Assets allowed to be used as collateral 100% 82% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Immovable propertyMovable propertyIntangible property

6. Legal Vice Presidency The World Bank Assets allowed to be used as collateral 64% 45% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Based on possessory interests over tangible assets Based on non-possessory interests over tangible assets

7. Legal Vice Presidency The World Bank IMMOVABLES as collateral Used as collateral 100% Not used as collateral 0% 100% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% FrequentlySometimesInfrequently Use of IMMOVABLE property as security

8. Legal Vice Presidency The World Bank MOVABLES as collateral Used as collateral 100% Not used as collateral 0% 91% 9% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% FrequentlySometimes Infrequently Use of MOVABLE property as security

9. Legal Vice Presidency The World Bank INTANGIBLES as collateral Not used as Used as collateral 82% collateral 18% 11% 22% 67% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% FrequentlySometimesInfrequently Use of INTANGIBLE property as security

10. Legal Vice Presidency The World Bank INTELLECTUAL property as collateral collateral 9% Used as collateral 91% Not used as 0% 22% 78% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% FrequentlySometimesInfrequently Use of INTELLECTUAL property as security

11. Legal Vice Presidency The World Bank FLOATING or SHIFTING POOL OF ASSETS as collateral Used as collateral 82% Not used ascollateral 18% 13% 25% 63% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% FrequentlySometimesInfrequently Use of FLOATING OR SHIFTING POOL OF ASSETS as security

12. Legal Vice Presidency The World Bank NON-POSSESSORY interests over tangible assets as collateral Used as collateral 45% Not used as collateral 55% 0% 14% 86% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% FrequentlySometimes Infrequently Use of NON-POSSESSORY interests over tangible assets as security