Can a farm and farm produce be used as collateral?
Yes! Farm products including crops such as coffee, teff, wheat, maize (grown, growing or to be grown), seeds and other supplies used or produced duringbfarming operations can be used as collateral
Can a farm and farm produce be used as collateral?
Yes! Farm products including crops such as coffee, teff, wheat, maize (grown, growing or to be grown), seeds and other supplies used or produced during farming operations can be used as collateral
Can a farm and farm produce be used as collateral?
Yes! Farm products including crops such as coffee, teff, wheat, maize (grown, growing or to be grown), seeds and other supplies used or produced duringfarming operations can be used as collateral
Can a farm and farm produce be used as collateral?
Yes! Farm products including crops such as coffee, teff, wheat, maize (grown, growing or to be grown), seeds and other supplies used or produced during farming operations can be used as collateral
Can livestock be used as collateral?
Yes! Livestock like cattle, camel, sheep, goat, poultry stock and more are assets that can be pledged to secure a loan or other credit.
Can livestock be used as collateral?
Yes! Livestock like cattle, camel, sheep, goat, poultry stock and more are assets that can be pledged to secure a loan or other credit.

Welcome to the Collateral Registry

Message from H.E. The Governor

 Welcome to the Ethiopia Movable Collateral Registry (EMCR), which is established and housed in the National Bank of Ethiopia (NBE) pursuant to Movable Property Security Right Proclamation No. 1147/2019.


The Proclamation is concerned with the security rights over movable property and aims to substantially change the manner in which a security right can be created over movable assets.


The Proclamation is a welcome change as it provides secured creditors with the ability to register an effective security right (legal right) over movable assets and applies to all types of rights over tangible or intangible movable assets that exist at present or may exist in the future. However, immovable property (land, building, fixed assets), ships, aircraft or publicly traded securities are excluded as there exist laws that require registration or for which a special register already exists.


The Proclamation requires an online registration/publicizing in EMCR, which is a unique means of creating and notifying security rights effectiveness against third parties that has been enabled and supported by a web, notice based Collateral Registry System.


As part of the actions of the NBE’s Financial Inclusion strategy, the introduction of this modern secured transactions legal regime is envisioned as a mechanism to address access to finance challenges faced particularly by individuals, persons in the agriculture sector and Micro, Small and Medium Enterprises (MSMEs) whose livelihood relies on the ability to access capital to finance their business, expand into other business opportunities leading to job creation, enhanced efficiency and productivity and economic development opportunities for all Ethiopians.


We encourage and welcome you to register with the EMCR as a secured creditor to gain the benefits both the Proclamation and an online EMCR system have to offer.


Sincerely.


Our Services

About the Registry

The Ethiopia Movable Collateral Registry (EMCR) is established and housed in the National Bank of Ethiopia (NBE). All business is conducted online through the website www.emcr.nbe.gov.et which can be accessed 24/7. The Proclamation authorizes creation of the Movable Collateral Registry, but otherwise delegates all matters concerning the operation of the Registry to the NBE until such time of the establishment of an autonomous Collateral Registry Office by regulation.

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Salient pointers of Proclamation no. 1147/2019 and the EMCR

The definition in the Proclamation encompasses all movable assets including, among other things (i) any movable tangible or intangible assets, existing or in the future; (ii)inventories, agricultural products); (iii) bank accounts; (iv) documents of title ( bills of lading); and (v) motor vehicle, farming equipment, etc., see Article 2(27) of the Proclamation No. 1147/2019 for a detailed list.

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