1
Type
Speaker
CPD Hours Level
Seminar 6 IntroductionInformation
Accreditation Information
SRA Competency B

Introduction

The aim of this course is to help you to understand the commercial reasons why lenders take security and the different methods of taking security over assets as well as the specific concerns in relation to certain asset clauses.

A summary of the structure and main terms of a debenture together with some commonly negotiated points will be explored together with details of how you might structure a security package.

This practical course will be a mixture of speaker led presentations and 'hands on' exercises and workshops.

What You Will Learn

This introductory course will cover the following:

Part 1 - Reasons Behind Security

  • Why take security?
  • What would the position be without security?

Part 2 - Structuring a Security Package

  • Considering your borrower
  • Group structures
  • Existing security

Part 3 - Different Methods of Taking Security

  • Categorising security interests
  • Lien
  • Pledge
  • Mortgage
  • Charge by way of legal mortgage
  • Assignment
  • Charges
  • Fixed Charge
  • Floating Charge
  • Floating Charge and crystallisation
  • Distinction between fixed and floating charges and why it matters
  • Priority between holders of security over same assets
  • Stages of security - creation, attachment, perfection, enforcement

Part 4 - Debenture - Clause by Clause

  • Typical layout of a security document
  • Structure of a debenture
  • Covenant to pay
  • Charging provisions
  • Mortgage
  • Assignments
  • Fixed Charges
  • Qualifying floating charge
  • Negative pledge
  • Further assurance
  • Perfection and maintenance
  • Protection clauses
  • Dismantling
  • Some terms and concepts to remember

Part 5 - Specific Asset Classes

  • Book debts
  • IP rights
  • Shares
  • Accounts

Part 6 - Negotiation Points

  • Lender and borrower considerations

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Seminar | 24.09.2020

Manchester | 9:30am - 5:15pm


An Introduction to Security & Debentures

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Sep
24
2020
Manchester
9:30am - 5:15pm
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Seminar | 13.11.2020

London | 9:30am - 5:15pm


An Introduction to Security & Debentures

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Nov
13
2020
London
9:30am - 5:15pm
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Prices (ex VAT)
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Plan Information
£243
Season
Ticket Information
£270
Standard
£540
Group bookings
Discounts are available for multiple places and if you have 5 or more people interested in this course and would like to discuss holding it in your area or on an in-house basis then please email us at information@mblseminars.com
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