Common use of Multiple Pieces of Collateral Clause in Contracts

Multiple Pieces of Collateral. A repurchase/reverse repurchase agreement with multiple pieces of collateral must have a collateral count to indicate how many pieces of collateral are linked to the agreement. Multiple transactions are required to facilitate the communication of a multi collateral repo agreement. Overall, data elements that are not unique to multi-collateral should be consistent with the single collateral repo instruction. The following additional business elements are required from a custody perspective: - Number Count – this indicates which number (relative to the total pieces of collateral) a single piece of represents (for instance 2nd piece of 4)

Multiple Pieces of Collateral. ‌ A repurchase/reverse repurchase agreement with multiple pieces of collateral must have a collateral count to indicate how many pieces of collateral are linked to the agreement. Multiple transactions are required to facilitate the communication of a multi collateral repo agreement. Overall, data elements that are not unique to multi-collateral should be consistent with the single collateral repo instruction. The following additional business elements are required from a custody perspective: - Number Count – this indicates which number (relative to the total pieces of collateral) a single piece of represents (for instance 2nd piece of 4)