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Financial Collateral Directive: Difference between revisions
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the collateral-provider and the collateral-taker are both non-natural persons; </ol>}} | the collateral-provider and the collateral-taker are both non-natural persons; </ol>}} | ||
Security interest is defined widely: | |||
{{quote| | |||
“'''security interest'''” means any legal or equitable interest or any right in security, other than a title transfer financial collateral arrangement, created or otherwise arising by way of security including —{{l3}} | |||
a pledge; <li> | |||
a mortgage; <li> | |||
a fixed charge; <li> | |||
a charge created as a floating charge where the financial collateral charged is delivered, transferred, held, registered or otherwise designated so as to be in the possession or under the control of the collateral-taker or a person acting on its behalf; any right of the collateral-provider to substitute equivalent financial collateral or withdraw excess financial collateral shall not prevent the financial collateral being in the possession or under the control of the collateral-taker; or <li> | |||
a lien;</ol>}} | |||
==== Appropriation ==== | ==== Appropriation ==== | ||