Credit Facilities and Collateralization Practices in Iraq
Credit facilities are a core component of corporate banking in Iraq, with lending typically supported by collateral to mitigate credit risk. Collateral may include real estate, equipment, receivables, inventory, shares, and personal or corporate guarantees.
Key Concepts in Credit Transactions
- Structuring bilateral and syndicated loans
- Collateral valuation and security perfection
- Registration of security interests
- Enforcement of guarantees and mortgages
- Priority of security rights
- Insolvency implications
Common Security Instruments
- Registered mortgages
- Pledges over movable assets and shares
- Assignment of receivables
- Letters of guarantee
- Personal guarantees
How Etihad Can Assist
Etihad provides legal and regulatory advisory services to banks, financial institutions, and businesses, supporting compliance with applicable laws, regulations, and regulatory guidance issued by any competent authorities.