Article 35 - Priority: Financial Collateral
(1) The Security Interest in Financial Collateral of a Secured Party under a Title Transfer Financial Collateral Arrangement has priority over a conflicting Security Interest in the Financial Collateral .
(2) The Security Interest in Financial Collateral of a Secured Party under a Security Financial Collateral Arrangement has priority over a subsequent Security Interest in favour of the relevant Intermediary .
(3) Subject to paragraphs (1) and (2), the priority of any other Security Interest in Financial Collateral shall be determined in accordance with—