Template:M comp disc 1994 NY CSA 2

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The great difference between the 1994 NY CSA (and its regulatory variation margin descendent, the 2016 NY VM CSA) and the English variants. The NY law versions operate by means of a pledge; the English law ones by means of title transfer. Therefore there is no equivalent to this provision in the English law CSAs (though there is in the seldom0-used English law CSD).

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