rehypothecation

OPINION OF THE EUROPEAN CENTRAL BANK of 24 June 2014 on a proposal for a Regulation of the European Parliament and of the Council on reporting and transparency of securities financing transactions (CON/2014/49) (2014/C 336/04) describes rehypothecation as:

“... the use by a receiving counterparty of financial instruments received as collateral in its own name and for its own account or for the account of another counterparty...”