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Stuff you should know: Difference between revisions
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{{a|devil|}}In a desperate attempt to stop [[salespeople]] going, “hey [[legal eagles]], can you read this email for me”, and to counterpoint lackadaisical [[credit officer]]s saying, “the question of whether we have credit risk to that bank account is a legal question on which I can’t opine”<ref>Real-life quote, by the way, from a [[managing director]] in a global investment bank, to which the retort was, “pal, if you are really saying you don’t know that, you need to [[get your coat]]”</ref> we are running a snagging list of | {{a|devil|}}In a desperate attempt to stop [[salespeople]] going, “hey [[legal eagles]], can you read this email for me”, and to counterpoint lackadaisical [[credit officer]]s saying, “the question of whether we have credit risk to that bank account is a legal question on which I can’t opine”<ref>Real-life quote, by the way, from a [[managing director]] in a global investment bank, to which the retort ''should'' have been, but I regret to say was not, “pal, if you are really saying you don’t know that, you need to [[get your coat]]”</ref> we are running a snagging list of legal concepts no banker in her right mind should be able to plead ignorance. | ||
[[Stuff you should know]], banker’s edition, then: | |||
*How [[agency]] works and why you can’t be agent for yourself | *How [[agency]] works and why you can’t be agent for yourself | ||
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*How [[set-off]] works, and more particularly, when it doesn’t. Why you can’t [[set off]] debts owed by different counterparties. | *How [[set-off]] works, and more particularly, when it doesn’t. Why you can’t [[set off]] debts owed by different counterparties. | ||
*The difference between [[title transfer]] and [[pledge]]. | *The difference between [[title transfer]] and [[pledge]]. | ||
{{sa}} | |||
[[Derivatives as explained to my neighbour Phil]] | |||
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