Transfer of Title - CSA Provision: Difference between revisions

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{{fullanat|csa|5(a)|1995}}
{{fullanat|csa|5(a)|1995}}
Don’t say: I know a [[pledge]] when I see one.
*Don’t say: ''What's [[title transfer]]?''
Do say: ''What's [[title transfer]]?''


If you must say it, don’t ask [[Media:SFTR-information-statement.pdf|five industry associations to get together at once to explain it]] to you.
If you must say it, don’t ask [[Media:SFTR-information-statement.pdf|five industry associations to get together at once to explain it]] to you.

Revision as of 18:42, 25 January 2017

CSA Anatomy™

5(a) Transfer of Title. Each party agrees that all right, title and interest in and to any Eligible Credit Support, Equivalent Credit Support, Equivalent Distributions or Interest Amount which it transfers to the other party under the terms of this Annex shall vest in the recipient free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system).

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If you must say it, don’t ask five industry associations to get together at once to explain it to you.

See also