Triparty agent: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
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 | Can be a useful fellow if you want to grant [[Security interest|security]] over a revolving pool of securities and retain a right of substitution. some useful discussion there at [[Financial Collateral Regulations]]. | ||
{{Seealso}} | {{Seealso}} | ||
Revision as of 10:13, 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 and retain a right of substitution. some useful discussion there at Financial Collateral Regulations.