Perfection: Difference between revisions
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{{a|glossary|}}{{a|security|}}The art of making something - in legal circles, often a {{tag|security interest}} like a {{t|fixed charge}}, perfect: tickety-boo, compliant with all [[formalities]] and enforceable in a court of your choosing. | {{a|glossary|}}{{a|security|}}The art of making something - in legal circles, often a {{tag|security interest}} like a {{t|fixed charge}}, perfect: tickety-boo, compliant with all [[formalities]] and enforceable in a court of your choosing. | ||
Sadly, the [[ | Sadly, the [[Financial Collateral Directive]] has taken much of the fun out of this, by rendering it basically unnecessary: if i charge counts as a “[[financial collateral arrangement]]”, the formal registration and perfection requirements which would otherwise apply (eg notification; registering the [[security interest]] with the registrar of companies, the hilarious pantomime of the [[Slavenburg]] filing) do not apply. | ||
{{sa}} | {{sa}} | ||
Revision as of 16:45, 4 November 2019
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A word about credit risk mitigation
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The art of making something - in legal circles, often a security interest like a fixed charge, perfect: tickety-boo, compliant with all formalities and enforceable in a court of your choosing.
Sadly, the Financial Collateral Directive has taken much of the fun out of this, by rendering it basically unnecessary: if i charge counts as a “financial collateral arrangement”, the formal registration and perfection requirements which would otherwise apply (eg notification; registering the security interest with the registrar of companies, the hilarious pantomime of the Slavenburg filing) do not apply.