Segregation will only work with unencumbered assets as its. Pledged assets are not unencumbered assets. You will need to read details of the pledge you agreed to during the Lombard process as to how resolution takes place.
I discussed EU banks and ring fencing custody accounts 6 years ago on here below.
2020:
With EU banks and one EU clearing house via sponsorship.
Not at all I hope all these EU banks crash it will just drive up the value of my assets
. In EU, custodied (investment portfolio) assets not issued by the custodying bank and...
2018:
The account shouldn't be a margin account. The account type has to be a basic (non-lending) custody account under which those assets are held in EU. Custody accounts fall outside assets that the bank can report on their balance sheet. They are also outside the scope of the EU Bank Recovery and Resolution Directive (BRRD) so are protected from any bail-in.
If you want examples of how what I say works even for non-EU assets. Then just look at Berkshire Hathaway and Mr Warren Buffet. If you look at his 2017 SEC filing you see how he keeps all $90bn of his cash pile in exactly the way I...
If you want examples of how what I say works even for non-EU assets. Then just look at Berkshire Hathaway and Mr Warren Buffet. If you look at his 2017 SEC filing you see how he keeps all $90bn of his cash pile in exactly the way I...
