Recharacterisation

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ Go Premium Index — Click the ᐅ to expand: Glossary Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

A fear that lives, loves, survives and flourishes in the febrile imagination of a young legal clerk, and out of which many never entirely grow, that Arthur might be regarded by the authorities who watch over us as Martha; Glen as Glenda, a synthetic prime brokerage trade be deemed to be a (taxable) cash equity trade, a title transfer collateral arrangement treated as an unregistered (and therefore imperfect) security interest, a credit derivative ruled an unregulated insurance contract and so on and so on and so on.

Don’t scoff: your livelihood depends on chicken-lickeny risks like this being taken seriously.

See also

Chicken licken