Secured Transaction, Collateral Registry and Leasing
Secured Transaction, Collateral Registry and Leasing In 2017, the Secured Transaction in Movable Assets Act was enacted to encourage the use of movable assets as collateral for a loan. This is part of Government’s efforts to enhance access to finance especially to SMEs and financial inclusion The Act applies to all securities in movable assets created by an agreement that secures payment or the performance of an obligation and all public registries on movable assets are expected to be…