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Adobe PDFCash Collateral - Promised changes to the Ontario PPSA will facilitate taking cash as security
Michael Bertrand; Goodmans LLP - Toronto;
Legal Alert/Article
May 15, 2012
Currently, a security interest in a deposit account is perfected by filing a financing statement under the Ontario Personal Property Security Act (“PPSA”). This can create a challenge for lenders and swap counterparties as there is no way to take priority over creditors with...

 


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