Requirements to deliver excess Collateral - GMSLA Provision: Difference between revisions

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Sections {{gmslaprov|5.6}} and {{gmslaprov|5.7}} need to be read together (and also see [[GMSLA Netting]])
Sections {{gmslaprov|5.6}} and {{gmslaprov|5.7}} need to be read together (and also see [[GMSLA Netting]])


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{{2010 GMSLA 5.6}}
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====See Also====
{{2010 GMSLA 5.7}}
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====Commentary====
 
====Related Provisions====
 
 
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Revision as of 11:17, 2 February 2016

Sections 5.6 and 5.7 need to be read together (and also see GMSLA Netting)

Template:Gmslasnap

Commentary


5.6 in a Nutshell (GMSLA edition)

5.6: Where Collateral values are aggregated under paragraph 5.4 and, on any day, both Parties would otherwise have to deliver Collateral to each other, the respective Market Values will be set-off and, in full settlement of both parties’ obligations, the Party having the larger delivery obligation must deliver Collateral having a Market Value equal to the difference.

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See Also

update to anat|gmsla

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2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting
Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
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