Care of Posted Collateral (VM) - NY VM CSA Provision: Difference between revisions

Care of Posted Collateral (VM) - NY VM CSA Provision (view source)

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Revision as of 18:47, 9 January 2020 (view source) Amwelladmin (talk \| contribs) No edit summary ← Older edit		Revision as of 09:14, 22 January 2020 (view source) Amwelladmin (talk \| contribs) No edit summary Newer edit →
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	{{~~nycsaanat~~\|6(a)\|~~2016ny~~}}		{{nycsaanatn\|6(a)\|2016}}
	You can basically stop reading after “Without limiting the {{nyvmcsaprov\|Secured Party}}’s rights under Paragraph {{nyvmcsaprov\|6(c)}}”. Because the {{nyvmcsaprov\|Secured Party}}’s rights under {{nyvmcsaprov\|6(c)}} basically allow it to nuke your [[security interest]] the moment it receives your collateral. It can give your carefully pledged asset away.		You can basically stop reading after “Without limiting the {{nyvmcsaprov\|Secured Party}}’s rights under Paragraph {{nyvmcsaprov\|6(c)}}”. Because the {{nyvmcsaprov\|Secured Party}}’s rights under {{nyvmcsaprov\|6(c)}} basically allow it to nuke your [[security interest]] the moment it receives your collateral. It can give your carefully pledged asset away.