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Title transfer collateral arrangement: Difference between revisions
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Title transfer collateral arrangement (view source)
Revision as of 13:07, 16 August 2016
, 16 August 2016no edit summary
Amwelladmin (talk | contribs) (Created page with "A {{tag|collateral}} arrangement whereby, instead of instigating a pledge or security interest of some kind, a debtor provides cash or financial collateral to its cred...") |
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A {{tag|collateral}} arrangement whereby, instead of instigating a [[pledge]] or [[security interest]] of some kind, a debtor provides cash or financial collateral to its creditor by means of [[title transfer]]. | A {{tag|collateral}} arrangement whereby, instead of instigating a [[pledge]] or [[security interest]] of some kind, a debtor provides cash or financial collateral to its creditor by means of [[title transfer]]. | ||
This has profound - some might say a bit barmy - consequences when one considers the | This has profound - some might say a bit barmy - consequences when one considers the {{eureg|2015|2365}} also known, stiffly, as the [[securities financing transaction regulations]] (and fondly as {{tag|SFTR}}) which, at Article 15, have some things to say about {{tag|title transfer}} collateral arrangements and what you have to tell your counterparty about them. | ||
As indeed to the {{tag|CASS}} rules, especially if your counterpart should ask for you to change or terminate one. | As indeed to the {{tag|CASS}} rules, especially if your counterpart should ask for you to change or terminate one. | ||