View source for Title transfer

{{a|glossary|}}Sometimes called [[outright transfer]], [[title transfer]] is when one merchant sells (or gives) something outright to another, the first thereby abandoning all its claim, interest and colour of right whatsoever to that thing. To be contrasted with a [[pledge]] or an [[assignment by way of security]].

Outright title transfer is a special, delicate thing — it has accounting, risk transfer, tax and legal implications that are quite different to giving mere possession over an asset by way of surety with a contingent right to repossess the very same asset back once the debt is discharged. 

With title transfer, once you part with an asset, it is gone for ever: your expectation is to the redelivery of one ''just like it,''

These differences may make little practical sense to the person on the Clapham omnibus, who just wants to know a debt is collateralised, but the distinctions forge long, lucrative careers for those in accounting and legal professions, and the JC would be lying if he did not allow that some of his long, inglorious career, had been devoted to getting this rather tendentious distinction right, and being righteously indignant that his colleagues in operations and collateral management seem dispositionally unable to.

==={{csa}}===
The title transfer {{1995csa}} is carefully designed to create a [[true sale]] (hence references to redelivery of “{{csaprov|Equivalent Credit Support}}” and not just return of posted assets). Modifications to the CSA (even by side letter or other agreement) which allow any counterparty to retain control over the {{csaprov|Credit Support Balance}} held by the other party may prejudice the [[true sale]] analysis. This is what is fondly known as a [[title transfer collateral arrangement]], about which disclosure is required thanks to Article 15 of that most excellent piece of EU doggerel, the [[Securities Financing Transactions Regulation]].
{{Csa title transfer vs pledge‎‎|vmcsa}}

===[[GMSLA]]===
Despite its name, the {{gmsla}} transaction is one of title transfer, as can be better explained in the articles on {{gmslaprov|market terminology}} and the term “{{gmslaprov|equivalent}}” as it is used in the [[GMSLA]].

===[[Full title guarantee]]===
Note also the concept of [[full title guarantee]] and [[limited title guarantee]], as contemplated by the [[Law of Property (Miscellaneous Provisions) Act 1994]]

{{sa}}
*[[CSA]]
*[[CSA Anatomy]]
*{{csaprov|Transfer of Title}}
*{{gmslaprov|Market terminology}} in the GMSLA
*[[GMSLA Anatomy]]