Reuse - PB Provision: Difference between revisions

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(Created page with "{{anat|pb}} {{pbprov|Reuse}} — often, though misguidedly, labeled {{pbprov|rehypothecation}} — is the right a {{pbprov|prime broker}} has over its clients {{pbprov|custody...")
 
(Redirected page to Rehypothecation)
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{{anat|pb}}
#redirect[[rehypothecation]]
{{pbprov|Reuse}} — often, though misguidedly, labeled {{pbprov|rehypothecation}} — is the right a {{pbprov|prime broker}} has over its clients {{pbprov|custody assets}} to take those assets and sell them in the market to offset its lending costs, against an obligation to return equivalent assets (which it must buy in the market) when the client wants them back.