Template:Charges in ireland: Difference between revisions

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 :(a) an interest in anything specified in any of paragraphs (a) to (e) of subsection (1) ''[i.e., an FCR-eligible asset]''; and<br>
 :(b) any property, assets or undertaking not falling within any of those paragraphs,
-the [[mortgage]] or [[charge]] shall, ''other than to the extent to which it is created over an interest in anything specified in any of the foregoing paragraphs of subsection (1)'', be regarded as a charge within the meaning of this Part.</ref> acknowledges that an unregistered charge will still be effective to the extent it covers FCR-eligible assets, even if it won’t work for other assets. Since the “other assets” part of a prime broker’s security, if it bites on anything at all, is basically thrown in for good measure, one might be inclined to take a bit of a view. Not that we would ''recommend'' anything quite so cavalier, of course. but if you were stuck in a corner.
+the [[mortgage]] or [[charge]] shall, ''other than to the extent to which it is created over an interest in anything specified in any of the foregoing paragraphs of subsection (1)'', be regarded as a charge within the meaning of this Part. ''[emphasis added]''</ref> acknowledges that an unregistered charge will still be effective to the extent it covers FCR-eligible assets, even if it won’t work for other assets. Since the “other assets” part of a prime broker’s security, if it bites on anything at all, is basically thrown in for good measure, one might be inclined to take a bit of a view. Not that we would ''recommend'' anything quite so cavalier, of course. but if you were stuck in a corner.
 ''Nobody'' puts baby in a corner.