6.3.5 - CASS Provision: Difference between revisions
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{{ | {{fullanat2|cass|6.3.5||6.3.6|}} | ||
The part of the {{tag|CASS}} rules which says a [[subcustodian]] can't take unreasonable security over, or reuse, sell of otherwise play with, {{cassprov|safe custody assets}} it holds in for a {{cassprov|CASS firm}}. Except for usual liens and security rights securing payment of its [[fee]]s and expenses as detailed in {{cassprov|6.3.6}}. | |||
{{CASS |
Latest revision as of 09:00, 9 May 2017
CASS Anatomy™
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The part of the CASS rules which says a subcustodian can't take unreasonable security over, or reuse, sell of otherwise play with, safe custody assets it holds in for a CASS firm. Except for usual liens and security rights securing payment of its fees and expenses as detailed in 6.3.6.