Template:Nutshell GMSLA 6.2: Difference between revisions
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{{gmslaprov|6.2}} Where a {{gmslaprov|Loan}} extends over an {{gmslaprov|Income Record Date}}, on the distribution date the {{gmslaprov|Borrower}} must account to the {{gmslaprov|Lender}} for the {{gmslaprov|Income}} the {{gmslaprov|Lender}} would have received had it held the loaned securities {{gmslaprov|Income Record Date}}. | {{gmslaprov|6.2}} Where a {{gmslaprov|Loan}} extends over an {{gmslaprov|Income Record Date}}, on the distribution date the {{gmslaprov|Borrower}} must account to the {{gmslaprov|Lender}} for the {{gmslaprov|Income}} the {{gmslaprov|Lender}} would have received had it held the loaned securities on the {{gmslaprov|Income Record Date}}. <br> | ||
Revision as of 15:03, 16 July 2018
6.2 Where a Loan extends over an Income Record Date, on the distribution date the Borrower must account to the Lender for the Income the Lender would have received had it held the loaned securities on the Income Record Date.