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Template:Csa Holding and Using Posted Collateral summ: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "====Rehypothecation under a New York law CSA==== Paragraph {{{{{1}}}|6(c)}} is the classic part of your security interest CSA that converts it into a title transfer CSA, meaning — cough, as with much New York law frippery — that you might as well not bother with calling this a pledge or security interest in the first place. So I give my asset to you, right, carefully only pledging it as security for my indebted...") |
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====Care of Posted Collateral | |||
You can basically stop reading after “Without limiting the {{{{{1}}}|Secured Party}}’s rights under Paragraph {{{{{1}}}|6(c)}}”. Because the {{{{{1}}}|Secured Party}}’s rights under {{{{{1}}}|6(c)}} basically allow it to nuke your [[security interest]] the moment it receives your collateral. It can ''give'' your carefully pledged asset away. | |||
====Rehypothecation under a New York law CSA==== | ====Rehypothecation under a New York law CSA==== | ||
Paragraph {{{{{1}}}|6(c)}} is the classic part of your [[security interest]] CSA that converts it into a [[title transfer]] CSA, meaning — cough, as with much [[New York law]] frippery — that you might as well not bother with calling this a [[pledge]] or [[security interest]] in the first place. | Paragraph {{{{{1}}}|6(c)}} is the classic part of your [[security interest]] CSA that converts it into a [[title transfer]] CSA, meaning — cough, as with much [[New York law]] frippery — that you might as well not bother with calling this a [[pledge]] or [[security interest]] in the first place. | ||