Jump to Content Jump to Main Navigation

7 Sufficient Securities, Segregation, and Loss Sharing

Guillermo Caballero, Erica Johansson, Thomas Keijser, Maria Vermaas

From: Transnational Securities Law

Edited By: Thomas Keijser

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 20 September 2021

Subject(s):
Securities settlement system (SSS) — Geneva Securities Convention — Securities — Hague Securities Convention — Bank resolution and insolvency — Financial system
7.01 When more securities are credited to the securities accounts of the account holder than its intermediary actually holds or has available, an imbalance has occurred. As discussed in section B, such an imbalance can occur for different reasons. For example, it may be due to an administrative error or even fraud. Such imbalances can have a disrupting effect on the intermediated holding system. Different solutions are available depending on different factors such as the relevant legal system and the technical infrastructure, including that provided by the...
Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.