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link 26.02.2013 7:13 |
Subject: client assets - поручительские активы? fin. Re-hypothecation of unencumbered assets• Re-hypothecation can replace ownership of securities with a contractual claim on a financial institution to return equivalent securities, with ownership of the rehypothecated securities transferring to this institution. Re-hypothecation of client assets can create financial stability risks if clients are uncertain about the extent to which their assets have been re-hypothecated, or about the treatment in case of bankruptcy. For example, uncertainty may increase the possibility of a run on a primebroker if there are concerns about its credit worthiness. Повторное заложение активов |
клиентские. |
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