Equivalent Credit Support - CSA Provision: Difference between revisions

Equivalent Credit Support - CSA Provision (view source)

671 bytes added , 3 October 2019

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-{{csasnap|Equivalent Credit Support}}
+{{csaanat|Equivalent Credit Support|1995}}
+'''{{t|Trick for young players}}''': “{{csaprov|Equivalent Credit Support}}” is meant only to capture assets which are [[fungible]] with assets forming part of posted {{csaprov|Credit Support Balance}} (exactly the same ISIN) – the point of “equivalence” is to buttress the {{csa}}’s [[title transfer]] analysis by allowing return of a security which isn’t the exact security that was delivered in the first place, but another one from the same issue.
-{{csaprov}}
+If you had to redeliver the same one, the “transfer of title” is in danger of being [[recharacterised]] into a [[pledge]]/[[loan]], which has a bunch of unwanted knock-on effects.
+{{equivalent vs similar}}