Care of Posted Collateral (VM) - NY VM CSA Provision: Difference between revisions

No edit summary
Tags: New redirect Mobile edit Mobile web edit Advanced mobile edit
 
Line 1: Line 1:
{{nycsaanatn|6(a)|2016}}
#redirect[[Holding and Using Posted Collateral (VM) - NY VM CSA Provision]]
You can basically stop reading after “Without limiting the {{nyvmcsaprov|Secured Party}}’s rights under Paragraph {{nyvmcsaprov|6(c)}}”. Because the {{nyvmcsaprov|Secured Party}}’s rights under {{nyvmcsaprov|6(c)}} basically allow it to nuke your [[security interest]] the moment it receives your collateral. It can give your carefully pledged asset away.