Title transfer collateral arrangement: Difference between revisions
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{{anat|security}} | |||
A {{tag|collateral}} arrangement whereby, instead of instigating a [[pledge]] or [[security interest]] of some kind, a debtor provides cash or [[financial collateral]] to its creditor by means of [[title transfer]] against a contingent obligatgion on the creditor to return an [[equivalent]] security should the exposure be resolved. | A {{tag|collateral}} arrangement whereby, instead of instigating a [[pledge]] or [[security interest]] of some kind, a debtor provides cash or [[financial collateral]] to its creditor by means of [[title transfer]] against a contingent obligatgion on the creditor to return an [[equivalent]] security should the exposure be resolved. | ||