Security interest collateral agreements should be used for segregation, says Isda
Collateral that is intended to be segregated should be governed by a security interest form of collateral agreement, according to a paper published by three industry associations.
The independent amount white paper, written by the International Swaps and Derivatives Association, the Managed Funds Association and the Securities Industry and Financial Markets Association, says title transfer forms of collateral agreement cannot safely accommodate the segregation of independent amount due to the
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