|Course Name||Banking, Negotiable Instruments, Payment Mechanisms and Securities Transfers|
|Course Code||BFSL 6903|
|Pre/Anti-requisites||Pre-Requisite For students outside the BFSL specialization: BFSL 6800: Introductory course I: Introduction to Financial Services Law or BFSL 6914: Introductory course II: Advanced Banking Law or Demonstrated foundational knowledge of Canadian banking law concepts.|
This course is concerned with the private law aspects governing banking, negotiable instruments, payment mechanisms, and securities transfers. It covers major selected aspects of (1) negotiable instruments (notes, bills and cheques under the Bills of Exchange Act), (2) the bank and customer relationship (bank accounts and deposits, bank secrecy, bank's liability, etc.), (3) the payment system (including under Canadian Payments Association Act), (4) payment cards, (5) domestic and international electronic and paper based funds transfers (including under UCC Article 4A and UNCITRAL Model Law), (6) letters of credits (under the ICC Uniform Customs and Practices), and (7) transfer of securities in paper and paperless as well as in direct and indirect holding systems.
|CPD Hours||Eligible LSO CPD: 12h Substantive Professional LLM courses may be eligible for CPD/MCLE credits in other Canadian jurisdictions hours. To inquire about hours and credit eligibility, please email email@example.com|
All courses and schedules are subject to change.