|The Jolly Contrarian’s Glossary |
The snippy guide to financial services lingo.™
|A box of resources about security and collateral
Legal security: Mortgage • Pledge • Lien • Bailment
In the context of the much, but fairly, maligned financial collateral directive, note the distinction drawn between
- Security financial collateral arrangements and
- Title transfer financial collateral arrangements (which for the most part, aren’t really impacted by the directive, which is mainly about dealing with the painful details of perfecting security).
For example: a credit support annex. That’s a collateral arrangement.