Template:Nutshell GMSLA 5.6: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "Where {{gmslaprov|Collateral}} values are aggregated under paragraph {{gmslaprov|5.4}} and, on a given day, both Parties would otherwise have to deliver {{gmslaprov|Collateral...") |
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Revision as of 11:26, 2 February 2016
Where Collateral values are aggregated under paragraph 5.4 and, on a given day, both Parties would otherwise have to deliver Collateral to each other, then those 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.