Title transfer collateral arrangement: Difference between revisions
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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]]. | 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]]. | ||
This has profound - some might say a bit barmy - consequences when one considers the {{eureg|2015|2365}} also known, stiffly, as the [[securities financing transaction regulations]] | This has profound - some might say a bit barmy - consequences when one considers the {{eureg|2015|2365|EC}} (also known, stiffly, as [[The Regulation on Transparency of Securities Financing Transactions and of Reuse]], more casually, as the [[securities financing transaction regulations]] and fondly as {{tag|SFTR}}) which, at Article 15, have some things to say about {{tag|title transfer}} collateral arrangements and what you have to tell your counterparty about them. | ||
As indeed to the {{tag|CASS}} rules, especially if your counterpart should ask for you to change or terminate one. | As indeed to the {{tag|CASS}} rules, especially if your counterpart should ask for you to change or terminate one. | ||
Revision as of 13:09, 16 August 2016
A 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.
This has profound - some might say a bit barmy - consequences when one considers the 2015/2365/EC (EUR Lex) (also known, stiffly, as The Regulation on Transparency of Securities Financing Transactions and of Reuse, more casually, as the securities financing transaction regulations and fondly as SFTR) which, at Article 15, have some things to say about title transfer collateral arrangements and what you have to tell your counterparty about them.
As indeed to the CASS rules, especially if your counterpart should ask for you to change or terminate one.