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Financial Collateral Directive: Difference between revisions
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Financial Collateral Directive (view source)
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The [[FCD]] divides [[financial collateral arrangement|financial collateral arrangements]] into two mutually exclusive categories: | The [[FCD]] divides [[financial collateral arrangement|financial collateral arrangements]] into two mutually exclusive categories: | ||
*'''[[Title transfer financial collateral arrangement]]s''': Under a [[TTCA]] a [[collateral-provider]] transfers full ownership of the [[financial collateral]] to the [[collateral-taker]] on terms that It will transfer back [[equivalent]] assetswhen the obligations are discharged; and | *'''[[Title transfer financial collateral arrangement]]s''': Under a [[TTCA]] a [[collateral-provider]] transfers full ownership of the [[financial collateral]] to the [[collateral-taker]] on terms that It will transfer back [[equivalent]] assetswhen the obligations are discharged; and | ||
*'''[[Security financial collateral | *'''[[Security financial collateral arrangement]]s''': Under an [[SFCA]] the collateral provider provides [[financial collateral]] by way of security but retains full ownership of the financial collateral remains with the collateral-provider. | ||
===[[Title transfer collateral arrangement]]s=== | ===[[Title transfer collateral arrangement]]s=== | ||