Template:Ancient csa comparison
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Term | 1994 NY Law CSA | 1995 English Law CSA |
---|---|---|
Governing Law | New York | England and Wales |
Collateral Transfer Model | Pledge | Outright title transfer |
Eligible collateral | Cash, government securities, corporate bonds | Cash, government securities, corporate bonds |
Owner of posted collateral | Collateral Provider | Collateral Receiver |
Holder of posted collateral | Collateral Receiver | Collateral Receiver |
Holder’s right to reuse collateral | Rehypothecation by holder allowed if enabled in the CSA | Unlimited (return obligation is “equivalent” securities only) |