Alvarez de la Campa, Alejandro2012-03-192012-03-192011-03-01https://hdl.handle.net/10986/3379This paper provides a comparative summary of secured transactions systems related to the use of movable property as collateral in the MENA region vis a vis international practices in countries with modern secured transactions systems. The paper sets out the importance of introducing reforms in the area of secured transactions with the objective of increasing access to credit for businesses, particularly SMEs. The MENA region clearly lags behind all other regions in the introduction of secured transactions reforms. The paper summarizes many of the weaknesses common across the region. The two main critical areas that need urgent reforms are the creation of modern secured transactions laws and electronic movable collateral registries, and the need to improve enforcement mechanisms for security interests in movable property.CC BY 3.0 IGOACCESS TO CREDITACCOUNT RECEIVABLESACCOUNTS RECEIVABLEARBITRATIONASSET VALUEAUCTIONSBAILIFFSBANK ACCOUNTBANK ACCOUNTSBANK DEBTBANK FINANCINGBANK LOANSBANKRUPTCYBANKRUPTCY LAWSBANKRUPTCY PROCEDURESBENEFICIARIESBIDBIDSBONDSBORROWERCAPITAL STOCKCASH FLOWCASH FLOWSCENTRAL BANKCHECKSCIVIL CODECIVIL CODESCIVIL LAWCLAIMANTSCOLLATERALCOLLATERAL AGREEMENTSCOLLATERAL FOR LOANSCOLLATERAL IN SATISFACTIONCOLLATERAL LAWSCOLLATERAL REGISTRATIONCOLLATERAL REGISTRIESCOLLATERAL REGISTRYCOLLATERAL REQUIREMENTSCOLLECTION PROCESSESCOMMERCIAL CODECOMMERCIAL CODESCOMMERCIAL LAWCOMMERCIAL MORTGAGESCOMMERCIAL REGISTRYCOMMON LAWCONSUMER GOODSCORPORATE GOVERNANCECOURT ORDERCREDIT ACCESSCREDIT BUREAUCREDIT BUREAUSCREDIT DECISIONCREDIT ENHANCEMENTCREDIT INFORMATIONCREDIT INFORMATION SYSTEMCREDIT INFORMATION SYSTEMSCREDIT LINESCREDIT PROVIDERSCREDIT SYSTEMCREDITORCREDITOR PROTECTIONCREDITOR PROTECTIONSCREDITORSCREDITWORTHINESSDEBTDEBT COLLECTIONDEBT RECOVERYDEBTORDEBTORSDEBTSDECENTRALIZATIONDEFAULTSDERIVATIVEDERIVATIVE PRODUCTSDEVALUATIONDEVELOPING COUNTRIESDISPUTE RESOLUTIONDOMESTIC BANKSEMERGING MARKETEMERGING MARKET COUNTRIESEMERGING MARKETSENFORCEABILITYENFORCEMENT MECHANISMSENFORCEMENT OF SECURITYENFORCEMENT PROCEDURESENFORCEMENT PROCESSENFORCEMENT SYSTEMENFORCEMENT SYSTEMSEQUIPMENTESTATEFAIR MARKET VALUEFAIR VALUEFINANCIAL INFRASTRUCTUREFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL SECTOR REFORMSFINANCIAL SYSTEMFINANCIAL SYSTEM STABILITYFINANCIAL SYSTEMSFLOATING PLEDGESFORM OF COLLATERALFUTURE ASSETSFUTURE DEBTSFUTURESHOLDINGHOUSING FINANCEIMMOVABLE ASSETSIMMOVABLE PROPERTYINFORMATION ASYMMETRYINFORMATION ON BORROWERSINSTITUTIONAL FRAMEWORKINSTITUTIONAL INFRASTRUCTUREINSURANCEINSURANCE POLICIESINTANGIBLEINTANGIBLE MOVABLE PROPERTYINTANGIBLE PROPERTYINTANGIBLESINTELLECTUAL PROPERTYINTEREST RATESINTERNATIONAL BANKINVENTORYINVESTMENT CLIMATEISLAMIC BANKSISLAMIC FINANCEISLAMIC LAWJUDGMENT LIENJUDGMENT PROCEDUREJUDICIAL AUCTIONJUDICIAL ENFORCEMENTJUDICIAL PROCESSJUDICIAL SYSTEMJURISDICTIONJURISDICTIONSLEGAL FRAMEWORKSLEGAL REFORMSLEGAL RIGHTLEGAL RIGHTSLEGAL SYSTEMLENDERLENDERSLENDING DECISIONSLEVEL OF CREDITLEVERAGELIENSLINE OF CREDITLOANLOAN AGREEMENTSLOAN DEFAULTMARKET VALUEMATURITYMONETARY FUNDMORAL HAZARDMORTGAGEMORTGAGESMOVABLE ASSETMOVABLE ASSETSMOVABLE COLLATERALMOVABLE PROPERTYMOVABLE PROPERTY AS COLLATERALMOVABLE PROPERTY REGISTRIESNEGOTIABLE INSTRUMENTSNON-PERFORMING LOANSNONPERFORMING LOANSNOTARIESORIGINAL ASSETSORIGINAL CONTRACTPAYMENT OF DEBTSPLEDGESPOSSESSORY SECURITYPRIVATE CREDITPRIVATE CREDIT BUREAUSPRIVATE ENFORCEMENTPRIVATE PARTYPRIVATE SALEPRIVATE SALESPRIVATE SECTOR CREDITPROPERTY RIGHTSPROTECTION OF CREDITORPUBLIC ENFORCEMENTPUBLIC RECORDPUBLIC REGISTRYREAL ESTATE AS COLLATERALRECEIVABLES FINANCINGREGISTRATION SYSTEMREGISTRY SYSTEMREGISTRY SYSTEMSREGULATORY FRAMEWORKSREPAYMENTREPAYMENT PERIODSREPOSSESSIONRETENTION OF TITLERIBARIGHTS TO PAYMENTRISK MANAGEMENTSALARIESSALE OF ASSETSSECURITIESSECURITIES REGISTRATIONSECURITY AGREEMENTSECURITY INTERESTSECURITY INTERESTSSEIZURESEIZURE OF ASSETSSEIZURE PROCEDURESETTLEMENTSTATUTORY LIENSTOCK EXCHANGESTOCKSTANGIBLE ASSETSTANGIBLE MOVABLE PROPERTYTAXTOTAL DEBTTRADE CREDITTRANSACTIONTRANSACTIONS LAWTRANSACTIONS LAWSTRANSACTIONS SYSTEMTRANSACTIONS SYSTEMSTRANSITION ECONOMIESTRANSPARENCYUNSECURED LOANSVALUABLE ASSETSWRITTEN CONTRACTWorld Bank10.1596/1813-9450-5613