Template:Charges in Ireland: Difference between revisions

Template:Charges in Ireland (view source)

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-====[[Registration of charges]] in {{tag|Ireland}}====
+#redirect[[Template:Charges in ireland]]
-As long as collateral that is eligible under the Irish [[Collateral Regulations]] is in the possession or under the control of the chargee, a [[security interest]] does not need to be registered to be recognised by the Irish courts.
-Collateral will be eligible under the Irish [[Collateral Regulations]] if it is
-:(i) cash credited to an account (as opposed to physical notes and coins) with the chargee; or
-:(ii) securities held by the chargee, either directly or indirectly through an intermediary (ie subcustodian), outside {{tag|Ireland}}.
-Receivables consisting of obligations of the chargee to the chargor under contracts between the chargor and the chargee for the trading of [[over-the-counter]] or [[exchange-traded derivatives]], [[repos]] and/or [[stock loans]] must be registered under s. 99 of the [[Irish Companies Act 1963]].
-But, you know, why would you be taking security over your own obligations? you could, and should, achieve the same thing by application of {{tag|set-off}}.