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Pledge GMSLA Anatomy: Difference between revisions
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*No concept of {{pgmslaprov|Equivalent}} {{pgmslaprov|Collateral}}, seeing as collateral is pledged and dead-ended, so you ''do'' get back what you pledged (and in fact never technically give it away) — there is none of this fuss around [[true sale]] that you have with [[title transfer]] (in that there's no [[recharacterisation]] to a [[secured loan]]: we’re saying it ''is'' a [[secured loan]]). | *No concept of {{pgmslaprov|Equivalent}} {{pgmslaprov|Collateral}}, seeing as collateral is pledged and dead-ended, so you ''do'' get back what you pledged (and in fact never technically give it away) — there is none of this fuss around [[true sale]] that you have with [[title transfer]] (in that there's no [[recharacterisation]] to a [[secured loan]]: we’re saying it ''is'' a [[secured loan]]). | ||
*Close out works quite differently. | *Close out works quite differently. | ||
{{seealso}} | |||
*The normal, 2010, [[title transfer]] [[GMSLA Anatomy]] - a lot more information about stock lending generally there. | |||