Common practice in the financial markets is to allow the collateral-taker to reuse financial collateral as the owner in order to take advantage of market opportunities. This Chapter examines the reuse of financial collateral under English law, before and after the implementation of the Financial Collateral Directive. It also discusses substitutions, mixtures and the doctrine of specificity with particular emphasis on unallocated and intermediated securities.
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© 2009 Springer-Verlag Berlin Heidelberg
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(2009). Property Rights in Securities and the Doctrine of Specificity under English Law. In: Johansson, E. (eds) Property Rights in Investment Securities and the Doctrine of Specificity. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-85904-8_5
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DOI: https://doi.org/10.1007/978-3-540-85904-8_5
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-85903-1
Online ISBN: 978-3-540-85904-8
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