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Title transfer collateral arrangement (view source)
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This has profound - some might say a bit barmy - consequences when one considers the {{eureg|2015|2365|EC}} (also known, stiffly, as [[The Regulation on Transparency of Securities Financing Transactions and of Reuse]], more casually, 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. | This has profound - some might say a bit barmy - consequences when one considers the {{eureg|2015|2365|EC}} (also known, stiffly, as [[The Regulation on Transparency of Securities Financing Transactions and of Reuse]], more casually, 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 do the {{tag|CASS}} rules, especially if your counterpart should ask for you to change or terminate one | As indeed do the {{tag|CASS}} rules, especially if your counterpart should ask for you to change or terminate one. | ||
Note also, there is a genus of lawyer (''[[Causidicus mediocris]]'') who frets that a [[TTCA]] might be [[recharacterised]] as a [[pledge]], with [[Omega|apocalyptic consequences]]. | |||
===See also=== | ===See also=== | ||
*[[pledged collateral arrangement]] | *[[pledged collateral arrangement]] | ||
*[[credit risk mitigation]] | *[[credit risk mitigation]] | ||
*[[Chicken Licken]] | |||