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HAGUE SECURITIES CONVENTION BASICS Conference on International Coordination of Secured Transactions Sandra M. Rocks Clara Gottlieb Seen & Hamilton LLP February 9, 2017Overview of Securities Holding
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Any individual or organization involved in cross-border security transactions may need to be familiar with the Hague Securities Convention.
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Government bodies and regulatory authorities responsible for overseeing and enforcing securities laws and regulations may also need to be aware of the Hague Securities Convention.
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The hague securities convention is a multilateral treaty that governs the conflicts of laws relating to certain types of securities.
Financial institutions and organizations involved in cross-border secured transactions are required to file hague securities convention.
To fill out the hague securities convention, one must provide detailed information about the securities being pledged or transferred, as well as information about the parties involved in the transaction.
The purpose of the hague securities convention is to provide a uniform legal framework for the creation and enforcement of security interests in cross-border transactions.
Information such as the type of security interest created, details of the parties involved, and the governing law of the transaction must be reported on the hague securities convention.
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