Part II Description of Interests, 7 Financing Devices Involving the Transfer or Retention of Title
Hugh Beale, Michael Bridge, Louise Gullifer, Eva Lomnicka
- Credit — Security interest — Stock lending
7.01 This section considers financing devices that, although performing an equivalent function to security interests, are not considered ‘security’ under English law. They fall into two main categories: those involving the retention and those involving the transfer of title. Such financing devices are often called ‘quasi-security’ interests, to acknowledge that their economic function, in ‘securing’ the performance of obligations, is the same as that of true ‘security’. This section will consider in more detail the characteristics that they normally display,...