Lithuania: Financing of Warehouse Receipts - Legal Review

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dc.coverageLithuania
dc.creatorInvestment Centre Division
dc.date2023-10-18T13:30:52Z
dc.date2023-10-18T13:30:52Z
dc.date2002
dc.date2019-05-30T18:23:48.0000000Z
dc.date.accessioned2026-06-27T21:56:35Z
dc.descriptionWarehouse receipts are used to facilitate the financing of primary agriculture, agricultural trade and food processing. By storing grain or other agricultural commodities in licensed warehouses, farmers, traders and agri-processors have the possibility to obtain receipts that can be used as collateral with local credit institutions. This system has proved particularly useful in Central and Eastern European countries where agricultural enterprises do not have strong credit histories and have few assets to pledge as collateral. In these circumstances, local banks often prove reluctant to lend to the agricultural sector. For warehouse receipts to become a convincing instrument to secure loans to agricultural enterprises, a coherent institutional and regulatory framework is required. Banks need to be able to trust warehouses, which should be licensed and supervised properly, and banks must be certain that the receipts can be used as effective deeds to exercise their rights in case of loan default.
dc.format64 p.
dc.formatapplication/pdf
dc.identifierhttps://openknowledge.fao.org/handle/20.500.14283/AF094E
dc.identifierhttp://www.fao.org/3/a-af094e.pdf
dc.identifier.urihttp://hdl.handle.net/123456789/238513
dc.languageEnglish
dc.publisherFAO ;
dc.rightsFAO
dc.titleLithuania: Financing of Warehouse Receipts - Legal Review
dc.titleLithuania: Financing of Warehouse Receipts - Legal Review
dc.titleReport N. 1 - October 2002
dc.typeDocument

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