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...ustodian to do anything with the asset without the other's consent, except in the direst of circumstances. Even in those dark days the custodian will be reluctant to do anything and may ask ...

...to return [[equivalent]] assets (which it must go and get, by buying them in the market) when the client wants them back. ...on stilts|Benthamite]]” in that it admits of [[paradox]] — that ''revels'' in it — and rehypothecation is one of its higher tide marks. To “[[rehypotheca ...

{{drop|A|r some point}} in the 1990s someone came up with the idea of [[Credit derivative|credit deriv [[Debt instrument]]s come in all shapes and sizes — [[bond]]<nowiki/>s, [[Medium term note|medium term n ...

...ual to state the [[governing law]] and whose courts have [[jurisdiction]]; in a purely domestic agreement they will not, it's assumed that local law and ...n<ref>It is all relative, you understand. Fun is the one thing money can’t buy.</ref> to be had arguing over whether [[jurisdiction]] should be [[Exclusiv ...

:{{ietaprov|12.1(a)}} Where in accordance with {{ietaprov|Schedule 2}} (‘‘{{ietaprov|Elections}}’’), the { ...he relevant {{ietaprov|Receiving Party’s Holding Account}} (in either case in breach of Clauses 5 (Allowance Transfers) or 6 (Effecting Transfers) or bot ...

...r what on ''Earth'' this is all about, especially if you encounter it cast in wrought iron with that impenetrable prose that the School Matron beats into ...o time in accordance with, the terms thereof and on the dates provided for in such terms, provided that: ...

...aking [[cryptobabble]], yesterday.}}}}{{drop|W|e tend to}} name our epochs in hindsight, by reference to the catastrophe that ended them: “antediluvian”; ...our behaviour: no-one with a functioning cerebellum has any doubt ''we are in [[End of days|the end of days]]'', and that we must therefore make what hay ...

...ain. A [[broker]] may well be an agent on a securities sale or purchase — in which case you pay it a commission — but where it acts as [[riskless princi *'''Agency “commission”''': In a pure [[agency]] contract, there is no direct [[transaction]] between [[ag ...

{{maxim|Everyone has a contract until they get punched in the mouth}} ...we buy the services of a commercial law firm — and, specifically, when we buy them to make [[contract]]s for us — we are not buying ''words'', nor even t ...

...cally, employes technical legal terminology. Mr. Slim was evidently often in the business of [[Borrow|borrowing]], [[rehypothecating]] and possibly [[Sh ...moanin’ just like Noah’s dove<ref>A bird released by Noah after the flood in order to find land; it eventually came back carrying a freshly plucked oliv ...

...pean investment banking and trading worlds are MiFID — the [[MiFID|Markets in Financial Instruments Directive]] and [[EMIR]] — the [[European Market Infr ...suring safety rails are in place to avoid the concentration of market risk in the system. ...

...pliance users have conflicting emotions: on one hand, I would like to lock in the price, now, of an Allowance, so I am not at the mercy of the rapacious ...ay’s ''spot'' price of course; it will be today’s ''forward'' price, which in a [[contango]] market will be higher — but you only ''settle'' the trade — ...

...ding''' and '''securities or commodities borrowing''' mean any transaction in which an institution or its counterparty transfers securities or commoditie ...often undefined but on demand), for a fee. Stock loans are often mentioned in the same breath as [[repo]]s as “[[securities financing]] arrangements”. ...

Knowledge is knowing that a tomato is a fruit; wisdom is not putting it in a fruit salad. ...nocrats have, for thirty years, been winning. As we are gradually immersed in the superficial charm of technology, it feels like an end-game: there is no ...

...and for one split second, they’re all daredevils. I am the last gladiator in the new Rome. I go into the arena and I compete against destruction and I w ...hat, despite ''looking'' like a bilateral, unfunded instrument, a swap is, in reality, an ''implied loan''. ...

A narrative principle that states that every element in a story must be necessary, and irrelevant elements should be removed. “If there is a rifle hanging on the wall in the first act, it must go off in the third.”}} ...

...firm uses to acquire kit, rent premises, pay suppliers and hire staff, all in the collective enterprise of selling goods and services. ...nsaction by which she invested capital was a sale and purchase: money paid in return for a ''[[share]]''. If she wants out, the company is not obliged to ...

...their clients. It will, therefore, depend to an extent on the jurisdiciton in question, but the general thrust will be consistent wherever it applies. ...of Best Execution]] of July 2014, "[[Best execution]] is a core component in the {{tag|regulation]] of financial services. Its aims are threefold: ...

...t’s lonely being a contrarian]]. Be a contrarian, but be prepared to stand in the cold. If you challenge a popular, bad idea that happens to be “liberal” ...people whose bad ideas happen to align with yours might seek to bring you in. Don’t let them. Stay aloof. ''[[It’s lonely being a contrarian]]''. ...

...d. It is predictable, finite, determinate and easy for the parties to hold in contemplation. “If I can’t go through with this the worst I can be stuck wi ...elsewhere (at exactly, or less than, her [[direct loss]]) and then used it in any of the ways she is now complaining about, to earn that money and mitiga ...