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The Law and Practice of International Banking, 2nd Edition by Proctor, Charles (1st March 2015)

Part E Guarantees and Security, 36 Lien and Set-Off

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, 2015. All Rights Reserved.date: 19 June 2019

Subject(s):
Regulation of banks — Automatic set-off — Insolvency set-off — Transaction set-off

This chapter discusses the banker's right of lien, right of set-off, and other rights of set-off. While these rights do not generally involve a taking of security in the manner contemplated by the previous chapters, they can in practice operate as a valuable form of security in the event of the customer's insolvency.

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