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Luxembourg law pledge: Difference between revisions
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:''' The Financial Collateral Law''', being the Luxembourg law of 5 August 2005 on financial collateral arrangements, [[As amended from time to time|as amended]]. | :''' The Financial Collateral Law''', being the Luxembourg law of 5 August 2005 on financial collateral arrangements, [[As amended from time to time|as amended]]. | ||
:'''The Pledged Assets''': What are you actually granting security over? This is the stuff in an account in Luxembourg. Expect it to include: | :'''The Pledged Assets''': What are you actually granting security over? This is the stuff in an account in Luxembourg. Expect it to include: | ||
:*'''Financial Instruments''' being financial instruments (“''instruments financiers''”<ref>It is a common feature of foreign law pledges to sprinkle elaborate foreign lingo around the document in italics as if they are some kinds of {{t|magic words}}.</ref>) in the widest sense of the word admitted under Luxembourg law, though you can expect the defintion to rabbit on a bit: you know, [[whether or not]] in dematerialised form, printed on urine-soaked vellum, gossamer, kleenex etc. | |||
:*'''Related Assets''', meaning dividends, interest, proceeds — again, expect your counsel to go to town here. | |||
:'''Secured Obligations''': What does the pledge actually secure? | :'''Secured Obligations''': What does the pledge actually secure? | ||
====The Pledge==== | ====The Pledge==== | ||
A fairly simple statement, admittedly studded with a little bit of ''Français'', about what's going on: | A fairly simple statement, admittedly studded with a little bit of ''Français'', about what's going on: | ||