Unidroit access to credit instruments

This chapter covers the Unidroit instruments that have been designed to facilitate access to credit. It focuses, in particular, on asset and transaction-specific instruments aimed at facilitating assignments of receivables, leases, transfers of highly mobile equipment, and intermediated securities. By tracing the evolution and the core features of such instruments, this chapter explains how Unidroit’s rule-making efforts have adapted to respond to the market demand for predictable and modern legal frameworks. More recently, this evolution led to develop international instruments governing receivables financing, warehouse receipts, and digital assets enshrined in a series of projects completed in 2023. The analysis reveals how these instruments - centred on private law rules - increasingly necessitate coordination with regulatory regimes governing financial activities and institutions. In this context, the chapter concludes by formulating recommendations for Unidroit’s future standards-making agenda.