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In Response To:
Thread Starter: ACBbank
Title: Re: Cash Collateral

This looks like an asset backed line of credit to me. Asset backed LOCs are used quite often by wealthy individuals who don't keep a lot of cash on hand and don't want to incur a taxable event (For example, selling a security position and triggering capital gains).

I rarely see it done with physical currency though and I agree that part is very unusual.