+Article 208 2.

Article 208 2.

The following requirements on legal certainly shall be met:

(a) 

a mortgage or charge is enforceable in all jurisdictions which are relevant at the time of the conclusion of the credit agreement and shall be properly filed on a timely basis;

(b) 

all legal requirements for establishing the pledge have been fulfilled;

(c) 

the protection agreement and the legal process underpinning it enable the institution to realise the value of the protection within a reasonable timeframe.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards