Examples of collateral arrangements in a sentence
Perfection of the Pledge For the perfection of the Pledge, for purposes of Article 5 (2) a) (iv) of the Luxembourg Law on Financial Collateral Arrangements, the Relevant Pledged Assets shall, as and when they are credited to the CBL GC Pooling Re-use Pledged Securities Account(s), be designated in CBL’s books, collectively by reference to the relevant CBL GC Pooling Re- use Pledged Securities Account, as pledged in favour of the Pledgee.
Perfection of the Pledge For the perfection of the Pledge, for purposes of Article 5 (2) a) (iv) of the Luxembourg Law on Financial Collateral Arrangements, the Relevant Pledged Assets shall, as and when they are credited to the Non-CmaX Pledged Account(s), be designated in CBL’s books, collectively by reference to the relevant Non-CmaX Pledged Account, as pledged in favour of the Pledgee.
Such Title Transfer Collateral Arrangements could include standard agreements entered into between an Issuer and a Title Transfer Collateral Counterparty, such as a credit support annex (including the Credit Support Document with the Swap Counterparty being the Title Transfer Collateral Counterparty), a repurchase agreement (including the Collateral Securities Agreement with the Counterparty being the Title Transfer Collateral Counterparty) or a securities lending agreement.
We confirm subject to the reservations below that there is nothing in this opinion that would be changed by the inclusions of any of the industry standard master agreements provided that the Bridged Transactions covered by them shall qualify as the Financial Transactions (as defined in Section 4.1 hereinabove) in order for them to fall within the Netting Act or the Act on Financial Collateral Arrangements, as applicable.
We confirm subject to the reservations below that there is nothing in this opinion that would be changed by the inclusions of any of the industry standard master agreements provided that the Bridged Transactions covered by them shall qualify as the Financial Transactions (as defined in Section 4.1 above) in order for them to fall within the Netting Act or the Act on Financial Collateral Arrangements, as applicable.
You agree that we may, to the extent that any of the margin constitutes “financial collateral” and this Agreement and your obligations hereunder constitute a “security financial collateral arrangement” (in each case as defined in, and for the purposes of, the Financial Collateral Arrangements (No.
The Act on Financial Collateral Arrangements (together with its preliminary works) explicitly recognises not only Finnish securities, but also foreign securities as suitable collateral.
In Finland, close-out netting in insolvency is governed by the Netting Act, which implements Directive 98/26/EC on Settlement Finality in Payment and Securities Settlement Systems (“Settlement Finality Directive”) and the Act on Financial Collateral Arrangements, which implements into Finnish law Directive 2002/47/EU of the European Parliament and of the Council of 6 June 2002 on Financial Collateral Arrangement (the “Collateral Directive”)18.
Netting of obligations under the ISDA Master Agreements may also be available pursuant to the Act on Financial Collateral Arrangements.
Further, the Act on Financial Collateral Arrangements is also applicable in respect of other types of collateral accepted by a central clearing counterparty in connection with collateral requirements pursuant to EU Regulation 648/2012 (EMIR) (collectively with the instruments in (a) to (c) in the above, (“Eligible Instruments”).