Field warehousing involves using a depositor’s assets as security on their premises for financing. Depositors grant banks a “possessory pledge” over goods, establishing “Bailment”—transferral of possession without ownership. This allows the bank constructive possession of the goods through signs at the premises and a collateral controller’s continuous oversight. The controller ensures exclusive access, legitimizing the bank’s possession of the goods. Warehouse receipts issued at the borrower’s location maintain the bank’s interest in the assets. ACE Global Depository, by acting as the bank’s agent, reinforces this security, ensuring the bank’s interests are preserved throughout the loan duration.