Termination of title transfer collateral arrangements - CASS Provision: Difference between revisions

Introduces an ''extremely'' laborious and tiresome and practically impossible to enforce regime where if a customer even asks to convert a title transfer arrangement to a pledge, you have to log the request and your response to it - this was largely to help out administrators distributing the estate who otherwise couldn’t tell whether assets were title transferred, in which case part of the insolvency estate and apt to be liquidated, or pledged in which case the company’s right to them was only to satisfy its debt from them and return the balance.

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