Rehypothecation: Difference between revisions

Rehypothecation (view source)

89 bytes added , 8 January 2020

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 ===Where you see a right of rehypothecation===
-*Under an {{1994csa}} it may be switched on or off.
+*Under an {{1994csa}}  —  {{nyvmcsaprov|Use of Posted Collateral (VM)}} under Paragraph {{nyvmcsaprov|6(c)}} — it may be switched on or off.
-*Under the US Market standard {{msla}}.
+*Under the US market-standard {{msla}}.
-*{{tag|Prime brokerage}} documentation may allow it (but only where the collateral is only pledged in the first place).
+*It is a pretty fundamental part of a {{t|prime brokerage}} offering.
-===Where you ''don’t''===
+===Where you ''don’t'' see it===
-*Under a [[pledge GMSLA]]. Because, like, why ''would'' you?<ref>A question you could as easily ask of the {{msla}} and the {{1994csa}} tbqh.</ref>
+*Under a [[pledge GMSLA]] used for [[agent lending]]. Because, like, why ''would'' you? The whole point is to immobilise collateral and keep it out of the lender’s [[bankruptcy estate]]
-*In your contractual documentation with a [[UCITS]] fund.
+*In your contractual documentation with a [[UCITS]] fund:
+{{ucits and reuse}}
-{{ucits and reuse}}
 {{sa}}
 *{{nyvmcsaprov|Use of Posted Collateral (VM)}}
 {{ref}}