Title Transfer Collateral Arrangements Agreement

Member States shall require investment firms to be able to properly examine and demonstrate the use of hedging arrangements for the transfer of securities related to the client`s obligation to the investment firm and the assets of clients subject to the transfer of ownership guarantee agreements. A TTCA allows a client to accept that their funds or assets are treated as collateral against their existing or future commitments. `ownership transfer guarantee` means a financial guarantee for the transfer of ownership as defined in point (b) of Article 2(1) of Directive 2002/47/EC concluded between counterparties for the performance of all obligations on 24 On 27 July 2020, the FCA published a letter from the dear CEO reminding companies operating as brokers on wholesale financial markets (including clearing brokers and early brokers) their securities guarantee obligations (TTCA). . . .