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Unlike traditional collateral (derechos reales, as explained above) in Civil Law, the floating charge covers not only present property but also the future property of the debtor (including future cash flows), while giving the debtor the right to dispose of it.
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Three types of derechos are known.
Derechos are capable of causing widespread damage and landscape devastation.
No collateral, said JPMorgan.
"I'm collateral damage".
Call it collateral damage.
Hybrid derechos, which contain qualities of both serial and progressive derechos, also occur; however, they are much less common.
Banks must provide collateral.
§ 45.7 Segregation of collateral.
So what is collateral?
§ 349.7 Segregation of collateral.
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