Security entitlement: Difference between revisions
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{{a|security|}}Not, as it transpires, merely a pedantic way of saying [[security interest]]; a [[security entitlement]] is a concept harvested from the United States [[Uniform Commercial Code]]. | {{a|security|}}Not, as it transpires, merely a pedantic way of saying [[security interest]]; a [[security entitlement]] is a concept harvested from the United States [[Uniform Commercial Code]]. | ||
It “is the rights and property interest of an entitlement holder with respect to a financial asset held through a securities intermediary”<ref>I confess I found this on a Russian website that also seemed — in Cyrillic — to be advertising Russian Brides, so take this with a pinch of salt. This may be [[fake news]]. YOU HAVE BEEN [[Disclaimer|DISCLAIMED]].</ref> and you can find it at | It “is the rights and property interest of an entitlement holder with respect to a financial asset held through a securities intermediary”<ref>I confess I found this on a Russian website that also seemed — in Cyrillic — to be advertising Russian Brides, so take this with a pinch of salt. This may be [[fake news]]. YOU HAVE BEEN [[Disclaimer|DISCLAIMED]].</ref> and you can find it at [[UCC]] §8-102(a)(17), if the fancy truly grabs you. | ||
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Latest revision as of 13:30, 14 August 2024
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A word about credit risk mitigation
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Not, as it transpires, merely a pedantic way of saying security interest; a security entitlement is a concept harvested from the United States Uniform Commercial Code.
It “is the rights and property interest of an entitlement holder with respect to a financial asset held through a securities intermediary”[1] and you can find it at UCC §8-102(a)(17), if the fancy truly grabs you.
References
- ↑ I confess I found this on a Russian website that also seemed — in Cyrillic — to be advertising Russian Brides, so take this with a pinch of salt. This may be fake news. YOU HAVE BEEN DISCLAIMED.