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Can entertainers use their intellectual property as collateral for loans??? @one876

Maureen Hayden-Cater, president of the Jamaica Bankers’ Association, told the Jamaica Gleaner it is not unusual for banks to use intangible assets such as contracts as collateral. She, however, said it does present a problem because if a party to a contract breaches such agreement, then there are usually no proceeds to recover. It is for this reason, she argued, that a framework must be put in place to guide the use of the SIPP.

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