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So, chapeau to those clever people at Freshfields Bruckhaus Deringer. | So, chapeau to those clever people at Freshfields Bruckhaus Deringer. | ||
BUT THEN TAKE THAT | BUT THEN TAKE THAT CHAPEAU AWAY, because having been clever enough to do that, the {{2010gmsla}} is '''still''' studded with expressions like "Securities equivalent to the relevant Loaned Securities or Collateral, as the case may be," and "{{gmslaprov|Securities}}, {{gmslaprov|Equivalent}} {{gmslaprov|Securities}}, {{gmslaprov|Collateral}} or {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}}". YOU FOOLS. |