Secured Loan Documentation Study Course
Access the Course Materials (for those registered on the course)
This course is now available. It is designed for bankers and lawyers and anyone else who is involved in international finance and who needs to understand secured loan documentation. It is intended to be a practical guide and is designed to deal with the more practical issues first, leaving the more legal issues to the end as far as possible, so as to be
- accessible to non lawyers who need to understand the commercial and practical aspects of the subject,
- useful for English lawyers needing to find out more about the issues which arise when taking security internationally and
- useful for non English lawyers wanting to understand English law on the subject
This course is designed to help those involved in international secured loan transactions
- to understand the transaction and documentation structure,
- to know what the commercially important issues are, both in the loan agreement and the security documents, and to know where to look for them in the documents
- to understand those areas of English law on security which have commercial implications for lenders and
- to be aware of the questions which need to be asked in different countries when putting a security package together or thinking about the value of a security package.
There are three options for taking this course.
The first is the “Commercial Key Facts” route. This route involves around 10 hours work over an agreed period of weeks (ideally 3 weeks). This route covers those essential topics which non lawyers need to be aware of when dealing with secured loan documentation and consists of stages 1 to 3 of the curriculum set out below
The second route is the “Legal Key Facts Route” which involves around 15 hours work over an agreed period (ideally 4 weeks). This is the same as the Non lawyers key facts route with the addition of one extra stage dealing with slightly more legal issues which may be of less interest to non lawyers but which are crucial for lawyers involved in secured lending internationally.
The third route is the in depth route which requires background reading in addition to the texts on the site This route requires 30 to 40 hours work over an agreed period (ideally 5 weeks)
Delegates can decide as they progress through the materials how much depth they want to go into and move from one route to another as they wish. There are different quizzes depending on which route is followed and delegates will be awarded the appropriate certificate depending on which set of quizzes they completed successfully.
By the end of the course participants should
- understand the transaction and documentation structure,
- know what the commercially important issues are, both in the loan agreement and the security documents, and know where to look for them in the documents
- understand those areas of English law on security which have commercial implications for lenders and
- be aware of the questions which need to be asked in different countries when putting a security package together or thinking about the value of a security package
The course materials available online are self contained and no other materials are required in order to complete the Key Facts route through the study course.
Delegates who wish to undertake the in depth route through the course will need to have a copy of the book “Law and Practice of International Finance University Edition” by Philip Wood, to be able to participate, as this will be a necessary part of the course materials. The other course materials can be accessed by those registered on the study course, from the link headed "Course Materials" on the side panel next to this window.
Delegates can start a course at any time. You can register or enquire by using the registration tab
An overview of the syllabus is set out below, based on a five week time period for the full course. Delegates registered on the course can access the detailed curriculum and the materials from the link to "Course Materials" in the side panel.
Week 1 Structure and Documentation and Security on Land
Lesson 1 Who is the Borrower?
Lesson 2 Security Fundamentals
Lesson 3 Documentation part 1- Security Aspects
Lesson 4 Documentation part 2 – Key Loan Agreement Issues
Lesson 5 Documentation part 3 – Key Loan Agreement Clauses
Lesson 6 Title Financing
Lesson 7 Transferring Secured Loans
Lesson 8 Security on Land
QUIZ
Week 2 Guarantees and Introduction to Due Diligence
PART 1 GUARANTEES
Lesson 1 – Guarantees and other instruments
Lesson 2 - Legal Issues
Lesson 3 – The Terms of the Guarantee
Part 2 INTRODUCTION TO DUE DILIGENCE
Lesson 1 Factual due diligence
Lesson 2 Clawback – General issues
Lesson 3 Insolvency Clawback part 1
Lesson 4 Insolvency Clawback part 2
Lesson 5 Legal opinions
QUIZ
Week 3 Security on Moveables and Security on Rights
Lesson 1 Security on moveables
Lesson 2 Security on contracts part 1 - Contract terms
Lesson 3 Security on contracts part 2 - Contract default
Lesson 4 Arrangements with third parties
Lesson 5 Security on cash
Lesson 6 Security on insurances
Lesson 7 Security on intellectual property
Lesson 8 Security on investments
COMPULSORY REPORT
QUIZ
THIS IS THE END OF THE COMMERCIAL KEY FACTS ROUTE ALTHOUGH DELEGATES MAY WISH TO CONTINUE TO WEEK 4 TO COMPLETE THEIR UNDERSTANDING
Week 4 Security on Rights contd., Due diligence contd and English security
PART 1 SECURITY ON RIGHTS contd
Lessons 1 and 2 Legal issues with security on contracts
PART 2 DUE DILIGENCE contd
Lesson 1 Attachment
Lesson 2 Creation
Lesson 3 Enforcement
PART 3 ENGLISH SECURITY
Lesson 1 English Security Concepts
Lesson 2 English Security Types
Lesson 3 Floating Charges
Lesson 4 Floating charges – priority issues
QUIZ
Week 5 Wrap up Week
For completion of any outstanding quizzes, compulsory written report and the online evaluation