Section 255(2)

“Financial collateral arrangements” are arrangements under which financial collateral is used as security in respect of a loan or other liability; and for that purpose— collateral may be in cash, securities or any other form, use as security may involve transfer of the collateral or the creation or transfer of any kind of right, interest or charge (fixed or floating) in respect of it, and in particular, use as security can include use under arrangements of a kind described commercially as “title transfer financial collateral arrangements”.

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Source: legislation.gov.uk · retrieved 2026-09-04