Segregation of collateral definition

Segregation of collateral means the transfer and delivery of eligible securities by a public depositary pursuant to a depositary pledge agreement. A public depositary must submit a written request to the commission to reduce the amount of securities pledged as collater­ al. The trustee holding the collateral shall not allow a reduction of securities without the prior written approval of the commission. When a public depositary pledges eligible securities whose payments include a periodic principal reduction, the trustee shall advise the commis­ sion, on no less than a monthly basis, of the amounts of such princi­ pal payments as well as the new total value which result from theprincipal payments.
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Segregation of collateral means the transfer and delivery of eligible securities by a public depositary to a trustee pursuant to a depositary pledge agreement or delivery of a letter of credit to the commission.
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Segregation of collateral means the transfer and delivery of eligible securities by a public depositary pursuant to a depositary pledge agreement (((RCW 39.58.050))). A public
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Examples of Segregation of collateral in a sentence

  • Among a number of selection criteria, the following features relating to collateral protection are worth noting: ⮚ Segregation of collateral at clearing member level and at CCP level⮚ Portability of the portfolio of cleared transactions and its related exposure to the CCP⮚ The synchronized portability of the margin collateral from a defaulting clearing member towards another substitutable clearing member.

  • Segregation of collateral is designed to reduce counterparty risk and entails collateral posted being legally protected in the event that the receiving counterparty becomes insolvent.


More Definitions of Segregation of collateral

Segregation of collateral means the transfer and delivery of eligible collateral by an association pursuant to a deposit pledge agreement.
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Segregation of collateral means the transfer and delivery of eligible securities by a public depositary pur- suant to a depositary pledge agreement (((RCW 39.58.050))). A public depositary ((wishing)) must submit a written request to the commission to reduce the amount of securities pledged
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Related to Segregation of collateral

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.