collateral

an asset that is delivered by the collateral provider to secure an OTC obligation to the collateral taker. Collateral arrangements may
take different legal forms; collateral may be obtained using the method of title transfer or pledge OR

an asset or third-party commitment that is accepted by the SSS collateral taker to secure an obligation of the collateral provider vis-à-vis the collateral taker.

source: bank for international settlements

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