a dozen CFR – Financing that is safeguarded ultimately by inventory
For the an interpretation typed during the they said: This new Panel enjoys much time kept, about * * phone number for quicken loans * mission town, the fresh intent behind a loan should not be calculated through to a slim investigation of one’s tech things significantly less than and that an excellent mortgage is established * * *
(a) A concern could have been presented to the brand new Panel about whether or not that loan from the a bank to a shared investment money try secure * * * ultimately of the margin stock from inside the meaning of 221.(3)(a), therefore the mortgage will be managed since the at the mercy of it part.
(b) Temporarily, the main points are listed below. Loans X, an open-end resource providers, entered towards financing arrangement that have Lender Y, which was (but still was) custodian of your own ties and therefore had been the new portfolio regarding Fund X.
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