Part E Guarantees and Security, 30 Charges Over Receivables
- Banks as a lender — Regulation of banks — Debt — Security interest
A lender may wish to take security over debts owing, or to become owing, to its borrower. Often, a charge over the benefit of book debts owing to the borrower will simply form a part of the standard security package, and will be included as a part of a fixed and floating charge over the entire assets and undertaking of the borrower. This chapter discusses the essential validity of security over book debts; charge over foreign receivables; and the priority of successive charges over receivables.