Talk:Transfer of Title - CSA Provision: Difference between revisions

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Revision as of 14:34, 1 January 2020 (view source) Amwelladmin (talk \| contribs) (Created page with "1995 5(a) Transfer of Title. Each party agrees that all right, title and interest in and to any Eligible Credit Support, Equivalent Credit Support, Equivalent Distributions o...")		Latest revision as of 14:35, 1 January 2020 (view source) Amwelladmin (talk \| contribs) No edit summary
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	5(a) Transfer of Title. Each party agrees that all right, title and interest in and to any Eligible Credit Support, Equivalent Credit Support, Equivalent Distributions or Interest ~~Amount~~ which it transfers to the other party under the terms of this Annex ~~shall~~ vest in the recipient free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system).		5(a) Transfer of Title. Each party agrees that all right, title and interest in and to any Eligible Credit Support (VM), Equivalent Credit Support (VM), Equivalent Distributions or Interest Payment (VM) which it transfers to the other party under the terms of this Annex will vest in the recipient free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system).