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An umbrella term to describe situations where you, for example, lend securities to increase revenues or borrow securities to facilitate failed settlements.
A term to describe the out right purchase of a security.
A term to describe when an issuer pays out a coupon.
In a repo, if the cash lender specifies a particular security to be delivered by the cash borrower, the collateral is called "special collateral”. If the cash lender does not require any particular security, it is called “general collateral”.
“General collateral” is any security that your institution is holding on its books and the trader can use for any purpose. “Special collateral” is a security the trader has been told he can only use with a particular counterpart.
There is no longer a difference between “special collateral" and “general collateral” and the wording can be used interchangeably.
The ownership of the securities changes if the collateral is being re-used by the collateral receiver.

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