Triparty agent: Difference between revisions
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One who manages a [[tri-party collateral system]]. A [[custodian]] who opens separate accounts in the name of a borrower and lender, and transfers collateral between them at their joint instruction, in satisfaction of [[margin]] obligations under a separate master agreement. | [[File:Triparty Diagram.png|500px|thumb|A triparty agent structure yesterday]] | ||
One who manages a [[tri-party collateral system]]. A [[custodian]] who opens separate accounts in the name of a {{gmslaprov|borrower}} and {{gmslaprov|lender}}, and transfers collateral between them at their joint instruction, in satisfaction of [[margin]] obligations under a separate [[master agreement]]. | |||
Can be a useful fellow if you want to grant [[Security interest|security]] over a revolving pool of securities and retain a right of substitution. | Very popular with [[agent lending]] participants as a handy way of managing collateral flows, as this handy diagram purports to illustrate. | ||
Can be a useful fellow if you want to grant [[Security interest|security]] over a revolving pool of securities and retain a right of substitution. Some useful discussion there at [[Financial Collateral Regulations]]. | |||
{{Seealso}} | {{Seealso}} | ||
Revision as of 17:20, 9 April 2019
One who manages a tri-party collateral system. A custodian who opens separate accounts in the name of a borrower and lender, and transfers collateral between them at their joint instruction, in satisfaction of margin obligations under a separate master agreement.
Very popular with agent lending participants as a handy way of managing collateral flows, as this handy diagram purports to illustrate.
Can be a useful fellow if you want to grant security over a revolving pool of securities and retain a right of substitution. Some useful discussion there at Financial Collateral Regulations.