Expresses its appreciation to the United Nations Commission on International Trade Law for the completion and adoption of the Legislative Guide on Secured Transactions;2
2See Official Records of the General Assembly, Sixty-second Session, Supplement No. 17 (A/62/17), part two, para. 100.
2
Requeststhe Secretary-General to disseminate broadly the text of the Legislative Guide, transmitting it to Governments and other interested bodies, such as national and international financial institutions and chambers of commerce;
3
Recommendsthat all States give favourable consideration to the Legislative Guide when revising or adopting legislation relevant to secured transactions, and invites States that have used the Legislative Guide to advise the Commission accordingly;
4
Recommendsalso that all States continue to consider becoming party to the United Nations Convention on the Assignment of Receivables in International Trade,3 the principles of which are also reflected in the Legislative Guide.
