Assume that the bank has approved the following financing to Chicks Sdn. Bhd. and full disbursement was made on 10 July 2016: -

No	Type of Financing	Purchase Price	Market Value	Financing Amount (RM)	Tenure	Financing Rate (%)
1.	Land	-	2,000,000.00	1,500,000.00	15 years	3.0%
2.	Factory building	-	1,000,000.00	800,000.00	15 years	3.5%
3.	Machineries	550,000.00	-	500,000.00	7 years	3.5%
4.	Vehicle	400,000.00	-	300,000.00	9 years	4.0 %
	Total	950,000.00	3,000,000.00	3,100,000.00

The company started its operations at the factory with new machineries at the end of January 2015 and recorded a 70% increase in sales for financial year ended 31 December 2015. The performance remains consistent in year 2016 and the company has been prompted in servicing monthly instalment.

(f) Suggest ONE (1) type of collateral can be taken by the bank to secure each of the above financing. Calculate collateral value for each of the financing.

In the fourth quarter of the year 2017, the bank officer detected few warning signals during the credit review. The CEO of the company is uncontactable. At the same time, the company has submitted three (3) requests to change the financing terms. As of November 2017, the company failed to submit its audited accounts for financial year ended 31 December 2016 despite several reminders sent by the bank to the company. As at 31 November 2017, the company has not paid monthly instalment for the factory and machineries for four (4) months. The site visit was conducted and it was found that the factory was not in operation. Based on the conversation with the workers of the next door factory, the factory has been closed for almost one month.

Based on the above: - Suggest how the bank can get the fastest recovery from all the collateral taken to secure the financing in question (f) above.{ Answer this only}