Abstract
Abstract As was seen in Chapter 4, there are two broad legal structures whereby (interests in) securities may be delivered as collateral. First, the collateral taker may be given a security interest in (interests in) securities. This security interest may be a mort- gage, pledge, charge or lien. In this case, property rights in the collateral assets are divided between the collateral taker (who acquires a limited property interest under the security interest) and the collateral giver (who retains the equity of redemption).
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