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Report on a Right of Use for Collateral Takers and Custodians


  • Thomas Keijser

    (University of Nijmegen, The Netherlands)

  • ed.

    (University of Nijmegen, The Netherlands)


The Report on a Right of Use for Collateral Takers and Custodians examines on what basis collateral takers can dispose of the assets of collateral providers, and custodians of those of their clients. The report describes the current legal practice in the USA, Denmark, The Netherlands, Germany, Italy and the UK. It critically examines legislative initiatives by UNIDROIT (Project on Harmonised Substantive Rules regarding Securities Held with an Intermediary) and in the European Union (Collateral Directive, Investment Services Directive). The report contains a Tax Appendix.

Suggested Citation

  • Thomas Keijser & ed., 2003. "Report on a Right of Use for Collateral Takers and Custodians," Law and Economics 0308001, EconWPA, revised 14 Nov 2003.
  • Handle: RePEc:wpa:wuwple:0308001
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    References listed on IDEAS

    1. Takeyama, Lisa N, 1994. "The Welfare Implications of Unauthorized Reproduction of Intellectual Property in the Presence of Demand Network Externalities," Journal of Industrial Economics, Wiley Blackwell, vol. 42(2), pages 155-166, June.
    2. Johnson, William R, 1985. "The Economics of Copying," Journal of Political Economy, University of Chicago Press, vol. 93(1), pages 158-174, February.
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    4. Stanley M. Besen & Leo J. Raskind, 1991. "An Introduction to the Law and Economics of Intellectual Property," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 3-27, Winter.
    5. Arun Sundararajan, 2003. "Nonlinear pricing of information goods," Industrial Organization 0307003, EconWPA.
    6. Arun Sundararajan, 2003. "Network Effects, Nonlinear Pricing and Entry Deterrence," Industrial Organization 0307002, EconWPA.
    7. Fernando Nascimento & Wilfried R. Vanhonacker, 1988. "Optimal Strategic Pricing of Reproducible Consumer Products," Management Science, INFORMS, vol. 34(8), pages 921-937, August.
    8. Arun Sundararajan, 2003. "Network Effects, Nonlinear Pricing and Entry Deterrence," Working Papers 03-17, New York University, Leonard N. Stern School of Business, Department of Economics.
    9. Yoon, Kiho, 2002. "The optimal level of copyright protection," Information Economics and Policy, Elsevier, vol. 14(3), pages 327-348, September.
    10. Oz Shy & Jacques-Françlois Thisse, 1999. "A Strategic Approach to Software Protection," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 8(2), pages 163-190, June.
    11. Liebowitz, S J, 1985. "Copying and Indirect Appropriability: Photocopying of Journals," Journal of Political Economy, University of Chicago Press, vol. 93(5), pages 945-957, October.
    12. M. Alvisi & E. Argentesi & E. Carbonara, 2002. "Piracy and Quality Choice in Monopolistic Markets," Working Papers 436, Dipartimento Scienze Economiche, Universita' di Bologna.
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    Cited by:

    1. Ivan, Mangatchev, 2008. "Financial collateral Arrangements under Directive 2002/47/ec of the European Parliament and of the Council of 6 June 2002," MPRA Paper 12253, University Library of Munich, Germany, revised 17 Dec 2008.

    More about this item


    collateral; right of use; repo; securities lending; derivatives;

    JEL classification:

    • K - Law and Economics

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