Security financial collateral arrangement: Difference between revisions

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	{{a\|security}}~~Not~~ a [[title transfer financial collateral arrangement]], but one where [[collateral]] is transferred by way of possession only, where the receiver has a [[security interest]] and may even have [[legal title]] but down not have [[beneficial ownership]] of the asset in question ... buuuuuut if [[rehypothecation]] is allowed, may be able to sell it anyway. Confused? Don’t be. All is explained in our article on the [[Financial Collateral Directive]].		{{a\|security\|}}A [[security financial collateral arrangement]] — to specialists, an “'''[[SFCA]]'''” — is, well, it’s ''not'' a [[title transfer financial collateral arrangement]] (“'''[[TTCA]]'''”), but rather one where [[collateral]] is transferred by way of possession only, where the receiver has a [[security interest]] and may even have [[legal title]] but down not have [[beneficial ownership]] of the asset in question ... buuuuuut if [[rehypothecation]] is allowed, may be able to sell it anyway. Confused? Don’t be. Well, ''do'' be, but don’t feel ashamed about it. All is explained in our article on the [[Financial Collateral Directive]]. And, if not in that one, in our section on [[cognitive dissonance]].

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