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Part E Guarantees and Security, 31 Charges Over Bank Balances

From: The Law and Practice of International Banking (2nd Edition)

Charles Proctor

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 02 February 2023

Regulation of banks — Deposit taking — Debt — Security interest

This chapter discusses how a charge over a bank deposit differs from a charge over an ordinary book debt; the need to register a charge over a bank deposit created by a UK-incorporated company under section 859A of the Companies Act 2006; and the application of rules governing the priority of consecutive charges over bank deposits.

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