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Template:UCITS V 22(7): Difference between revisions
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:(c) the reuse is for the benefit of the UCITS and in the interest of the unit holders; and | :(c) the reuse is for the benefit of the UCITS and in the interest of the unit holders; and | ||
:(d) the transaction is covered by high-quality and liquid collateral received by the UCITS under a title transfer arrangement. <br> | :(d) the transaction is covered by high-quality and liquid collateral received by the UCITS under a title transfer arrangement. <br> | ||
The market value of the collateral shall, at all times, amount to at least the market value of the reused assets plus a premium. <br> | The [[market value]] of the collateral shall, at all times, amount to at least the market value of the reused assets plus a premium. <br> | ||