For different types of real estate, control means different things. In the case of a certified warranty, the check requires the approval and possession of the certificate, with the exception of a certificate to the bearer. For book-based securities, control consists of transferring the securities to an account belonging to the secured creditor or, more generally, by entering into a tripartite “control agreement” between the pledge, the securities intermediary who holds the securities based on the account for the pledge and the secured creditor. The control agreement does not replace a guarantee agreement that continues to be concluded separately between the insured lender/party and the borrower/creditor, in order to grant the necessary security shares on the securities. On the contrary, the control agreement is a method of enhancing security interests and, in its most fundamental form, a contract between a secured creditor, a pfandgor and the securities intermediary of the loan, in which the intermediary gives the secured creditor the “control” of the pawned securities. are also known as a tripartite guarantee contract; an agreement by which a debtor inserts collateral from a custodian with a view to holding it for this pawnbroker, subject however to a guarantee in favour of a pawnbroker. The agreement generally provides that neither party can order the custodian to do anything with the asset without the consent of the other asset, except in the innocup circumstances. 1. If the remaining commitment to be pending after the imposition pursuant to Article XXIV, point b), is notified to the terminating participant and if the agreement on liquidation between the Fund and the terminating member is not reached within six months of the termination date, the Fund terminates this balance of special drawing rights in equal semi-annual tranches within a maximum of five years from the closing date. The Fund recovers this balance, as defined: (a) by paying the terminated member the sums made available to the other participants in the Fund in accordance with Article XXIV, Section 5, or b) by allowing the terminating subscriber to use his or her special drawing rights to obtain his own currency or currency freely usable from a participant indicated by the Fund, the General Resource Account or another holder. 2.
If the commitment that remains at the Fund`s expense after the imposition under Article XXIV, Section 2, Point b), and no agreement is reached within six months of the closing date, the terminating member commits to it within three years of the end or within the longer period set by the Fund.