In an institutional stock loan, the borrower puts up cash collateral, typically 102% of the value of the stock.
The cash collateral is then invested by the lender, who often rebates part of the interest to the borrower.
Instead, he held a hearing about whether The Post could use cash collateral.
That is 162 percent of capital posted as cash collateral in a single market in a regional office.
But Andersen learned that the money from Barclays was actually a loan secured by $6.6 million in cash collateral.
Between them, Oenone's crew had only just scraped together enough fuseodollars for a cash collateral.
There were also concerns as to the effects it may have on cash collateral being held in derivatives and other securities financing transactions.
The banks couldn't turn him down if he had that much cash collateral.
Once the airlines merge, the cash collateral will also be used to secure the America West portion of the loan guarantees, which had been unsecured.
In Kmart's case, insurers were requiring cash collateral for the securities.