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Articles received by April 30 can be published in the first semester, and those received by September 15 can be published in the corresponding second-semester issue.

The title transfer collateral arrangement of financial instruments in favour of a Securities Settlement System

Authors

No. 30 (2019): Primer semestre
https://doi.org/10.5354/0718-4735.2019.53777

Abstract

Law 20345/2009 entitles participants of a Securities Settlement System to fulfill their obligations to provide collateral through a title transfer collateral arrangement over financial instruments, unknown under the Chilean Civil Code. It is proposed here to characterize this figure as a fiduciary ownership. In addition, this collateral is irreversible, it gives rise to an autonomous patrimony dedicated to a special purpose and can be executed extrajudicially. All of these features and the very existence of this title transfer collateral arrangement have the purpose of mitigating the systemic risk that is inherent to Securities Settlement Systems.

Keywords:

Title transfer collateral arrangement, Securities settlement system, systemic risk

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How to Cite
Caballero Germain, G. (2019). The title transfer collateral arrangement of financial instruments in favour of a Securities Settlement System. Revista De Estudios De La Justicia, (30), 1–26. https://doi.org/10.5354/0718-4735.2019.53777
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Revista de Estudios de la Justicia
Facultad de Derecho
Universidad de Chile
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