Movable Asset Financing/ 22-May-2018 - 24-May-2018

Movable Asset Financing

Bankers Committee members pay N 91,480.00 only

Background

Micro small and medium enterprises (MSMEs), are critical to socio- economic development and contribute over 60 percent of GDP in emerging economies. The MSMEs play significant roles in jobs and income generation for low income people, thereby fostering economic growth, social stability and contributing to the development of a dynamic private sector. Bank lending should be one of the most common source of external finance for many MSMEs and entrepreneurs. However, MSMEs rely heavily on traditional debt to fulfil their start-up, cash flow, and investment needs in the pursuit of a stable and sustainable economy. This is because the sector has experienced difficulties in accessing funds from the banks because of their inability to tender tangible collateral (immovable assets) for securing loans. Given the current macro-economic realities and the important role MSMEs, it is expedient that financial institutions deepen competencies in movable asset financing. Lenders need to adopt new strategies to diversify their portfolios by funding productive activities through MSME lending and increasing SME's contribution to the Nigerian economy.

Target Participants

Heads of Credit & Risk Management; Loan Portfolio Managers/Officers, Heads of SME Lending, Heads of Collection/Enforcement, Loan Recovery Manager/Officers, Heads of Legal Departments, as well as those transiting to such roles.

Objectives

At the end of the course, participants should be able to effectively:

  • Dimension the financial needs of MSMEs in the context of the working capital cycle
  • Evaluate key differences between movable-asset-based finance and other types of commercial finance in the Nigerian market
  • Identify key requirements for a successful movable-asset based finance and suitable options for each market
  • Value inventory-lending on commodities as against manufactured items.

 


Contents

  • Movable Asset-Based Finance Overview

- The financial needs of SMEs in the context of the working capital cycle
- Movable asset-based finance compared with other types of commercial financing
-factoring, confirming, bills of exchange etc;
- Terminology - movable vs current assets, and eligible collateral.

  • Overview of legal framework

- Legal framework for secured transactions in movable asset

  • Overview of institutional framework (The National Collateral Registry)

- Review of the operations of the Collateral Registry for secured transactions in
movable asset
- Work through of the Collateral Registry

  • Receivable Finance

- A/R Lending methodologies -Factoring, Confirming
- Advance Rate Considerations
- Borrowing base certificate
- Internal Record Keeping and Reporting requirements for the borrower
- Registering Receivables in the Collateral Registry

  • Other Collaterals

- Equipment and Motor Vehicles
- Crops and agricultural products
- Import and Export Lending

  • Loan Administration/Account Management

- Monitoring Client Activity
- Insurance
- Warning Signs of Deteriorating Situations
- Taking Corrective Action/Delinquency.
- Fraud, Importance of Due Diligence
- Detection and Prevention of Fraud

  • Underwriting Practices for Movable Asset Financing

- Typical Underwriting Processes
- Collateral Risks and How to Mitigate
- Loan Documentation
- Perfecting Security and Liens

  • Supervisory Requirements for Movable Asset Financing

- IFRS 9
- Basel Accords (I, II & III)
- Prudential guidelines and its implications

  • Workouts & Liquidations

- Delinquency
- Business recovery
- Loan workouts
- Winding up

  • Developing a Movable Asset Financing Programme

For more information: call Christie: 0803 526 7788 or Email: cochei@fitc-ng.com

Register Now

If you would like to attend this training programme, please fill the form below and we will contact you as soon as possible. You can also pay for courses online.




Our learning sessions are unique in 4 ways

  1. Programme design & delivery recognize the needs of adult learners in career
  2. Experience sharing by practitioners, with well over two decases of experience in areas relevant to course topic, whom we call "Programme Directors"
  3. Course delivery by practitioners based on conceptual research background
  4. The essence of our corproate brand and orientation within concept implementation thinking

The fees cover tuition, course materials, group lunch, tea/coffee and snacks but EXCLUDE accommodation.
Dress Code: Formal

Discount on Fees

3 participants 5% Discount
4 participants & Above 7.5% Discount


Payment of Fees

Payment of fees should be in cash or CERTIFIED CHEQUE/BANK DRAFT made payable to the FITC before the commencement date or on arrival at the venue.

Refund of Fees

Fees paid for participants who do not turn up eventually would be refunded, subject to deduction of 25% administrative cost.

Methodology

Formal lectures, case studies, participative group exercises and experience sharing.

Administration

The programme commences at 10.00a.m. on Monday, 9.00a.m other days and ends at 4.00p.m. daily.

In-plant Option

Do you intend to train more than 20 participants? Are you considering an in-plant option?
Please call us ☎


International Participants

International participants should please inform FITC of their attendance ahead of the programme, to enable us prepare airport pick-up for them.

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