Triparty agent: Difference between revisions
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One who manages a [[tri-party collateral system]]. A [[custodian]] who opens separate accounts in the name of a borrower and lender, and transfers collateral between them at their joint instruction, in satisfaction of [[margin]] obligations under a separate master agreement. | One who manages a [[tri-party collateral system]]. A [[custodian]] who opens separate accounts in the name of a borrower and lender, and transfers collateral between them at their joint instruction, in satisfaction of [[margin]] obligations under a separate master agreement. | ||
Can be a useful fellow if you want to grant security over a revolving pool of securities | |||
{{Seealso}} | |||
*[[Financial Collateral Regulations]] | |||
*[[Floating charge]] | |||
*[[Fixed charge]] | |||
{{draft}} | {{draft}} | ||
Revision as of 10:12, 24 July 2018
One who manages a tri-party collateral system. A custodian who opens separate accounts in the name of a borrower and lender, and transfers collateral between them at their joint instruction, in satisfaction of margin obligations under a separate master agreement.
Can be a useful fellow if you want to grant security over a revolving pool of securities