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That latter representation makes "full title guarantee" an odd thing to say in the context of cleared securities, where interests are transferred subject to clearing system liens (and actual legal title is held by the bearer of a global security). | That latter representation makes "full title guarantee" an odd thing to say in the context of cleared securities, where interests are transferred subject to clearing system liens (and actual legal title is held by the bearer of a global security). | ||
It’s also not really much to do with {[guarantee}}s generally, which are a topic of no small gruelling exactitude, should that be your kind of thing. | |||
==See Also== | ==See Also== |