Rehypothecatio: Difference between revisions

Latest revision as of 11:12, 2 December 2019

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™

Trainee wizard spells are no match for a full-scale horcrux

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A spell uttered by boy wizard prime brokerage lawyers to confer magical powers of ownership over customer assets. Used during the Lehman insolvency, to no great effect, but how were these trainee wizards meant to know they were dealing with a full-scale horcrux?

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	{{g}}A [[Magic Words\|spell]] uttered by [[boy wizard]] [[prime brokerage]] lawyers to confer [[Magic incantation\|magical powers]] of ownership over [[Safe Custody Asset - CASS Provision\|customer assets]]. Used during the [[Lehman]] insolvency, to no great effect, but how were these trainee wizards meant to know they were dealing with a full-scale [[horcrux]]?		{{a\|g\|[[File:Ironmountainbox.jpg\|450px\|thumb\|center\|Trainee wizard spells are no match for a full-scale [[horcrux]]]]}}A [[Magic Words\|spell]] uttered by [[boy wizard]] [[prime brokerage]] lawyers to confer [[Magic incantation\|magical powers]] of ownership over [[Safe Custody Asset - CASS Provision\|customer assets]]. Used during the [[Lehman]] insolvency, to no great effect, but how were these trainee wizards meant to know they were dealing with a full-scale [[horcrux]]?

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