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====Fewer representations for {{ttcsa}s==== | ====Fewer representations for {{ttcsa}}s==== | ||
Seeing as what is going on in a {{ttcsa}} is a bit plainer, and less in thrall to the [[deep magic]] of contractual law, one needs make less of a formal fuss when going about it. If I am giving you something outright, all you really need to know from me is that it is mine to give — and even that in these times of dematerialised securities, the [[Financial Collateral Directive]] and so on, is not so fraught as once it might have been. All the recipient really needs to establish is enough plausible deniability to be a bona fide recipient for value without notice. | Seeing as what is going on in a {{ttcsa}} is a bit plainer, and less in thrall to the [[deep magic]] of contractual law, one needs make less of a formal fuss when going about it. If I am giving you something outright, all you really need to know from me is that it is mine to give — and even that in these times of dematerialised securities, the [[Financial Collateral Directive]] and so on, is not so fraught as once it might have been. All the recipient really needs to establish is enough plausible deniability to be a bona fide recipient for value without notice. | ||