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Title transfer: Difference between revisions
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==={{csa}}=== | |||
The title transfer {{1994csa}} is carefully designed to create a [[true sale]] (hence references to redelivery of “{{csaprov|Equivalent Credit Support}}” and not just return of posted assets). Modifications to the CSA (even by side letter or other agreement) which allow any counterparty to retain control over the {{csaprov|Credit Support Balance}} held by the other party may prejudice the [[true sale]] analysis. | The title transfer {{1994csa}} is carefully designed to create a [[true sale]] (hence references to redelivery of “{{csaprov|Equivalent Credit Support}}” and not just return of posted assets). Modifications to the CSA (even by side letter or other agreement) which allow any counterparty to retain control over the {{csaprov|Credit Support Balance}} held by the other party may prejudice the [[true sale]] analysis. | ||
==={{tag|GMSLA}}=== | |||
Despite its name, the {{gmsla}} transaction is one of title transfer, as can be better explained in the articles on market terminaology and the term "equivalent" as it is used in the {{tag|GMSLA}}. | |||
Note also the concept of [[full title guarantee]] and [[limited title guarantee]], as contemplated by the [[Law of Property (Miscellaneous Provisions) Act 1994]] | Note also the concept of [[full title guarantee]] and [[limited title guarantee]], as contemplated by the [[Law of Property (Miscellaneous Provisions) Act 1994]] | ||