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Template:M comp disc 1994 NY CSA 3: Difference between revisions
Template:M comp disc 1994 NY CSA 3 (view source)
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{{ | Some structural changes, to reflect that a {{csa}} is title transfer arrangement (hence “{{csaprov|Transferee}}” and “{{csaprov|Transferor}}”) while the {{nycsa}} is a [[pledge]] and [[rehypothecation]] arrangement — i.e., as the JC likes to call it, “title transfer for Americans” — and refers to {{inycsaprov|Pledgor}} and {{nycsaprov|Secured Party}}. | ||
Thus, also, the “{{csaprov|Credit Support Balance}}” in the {{csa}} is “all {{nycsaprov|Posted Credit Support}} held by the {{nycsaprov|Secured Party}}” in the {{nycsa}}. The English law document gets itself all tangled up in as-yet-undelivered-but-pending Return Amounts and so on. Thius may have sonething to do with the nature of pledged collateral, which is only “held” against title transfer collateral which is outright “owned”. It may also just be outright pedantry, on the part of {{icds}}, UK branch, of course. I don’t know. | |||