Template:Csa Holding and Using Posted Collateral comp: Difference between revisions
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Note especially {{{{{1}}}|6(c)}} {{{{{1}}}|Use of Posted Collateral}} — the [[rehypothecation]]/[[reuse]] right. | Note especially {{{{{1}}}|6(c)}} {{{{{1}}}|Use of Posted Collateral}} — the [[rehypothecation]]/[[reuse]] right. | ||
The 2016 version is all but the same as the 1994 version, except for a peppering of gratuitous “(VM)s”, until you get to 6(d)(ii)(A). All that malarkey about interest transfers, adjustments and reductions at the back end of Paragraph {{{{{1}}}|6(d)}} is new and, candidly, rather to be regretted. Here is a {{diff|85167|85162}}. | The 2016 version is all but the same as the 1994 version, except for a peppering of gratuitous “(VM)s”, until you get to Paragraph {{{{{1}}}|6(d)(ii)(A)}}. All that malarkey about interest transfers, adjustments and reductions at the back end of Paragraph {{{{{1}}}|6(d)}} is new and, candidly, rather to be regretted. Here is a {{diff|85167|85162}}. | ||
Latest revision as of 13:51, 8 May 2024
The part of the New York law CSA that undoes all the sterling work that Paragraph {{{{{1}}}|2}} does to establish a {{{{{1}}}|Security Interest}} over collateral posted by a {{{{{1}}}|Pledgor}} to a {{{{{1}}}|Secured Party}}.
Note especially {{{{{1}}}|6(c)}} {{{{{1}}}|Use of Posted Collateral}} — the rehypothecation/reuse right.
The 2016 version is all but the same as the 1994 version, except for a peppering of gratuitous “(VM)s”, until you get to Paragraph {{{{{1}}}|6(d)(ii)(A)}}. All that malarkey about interest transfers, adjustments and reductions at the back end of Paragraph {{{{{1}}}|6(d)}} is new and, candidly, rather to be regretted. Here is a comparison.