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