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 manufacture the {{gmslaprov|Income}} the {{gmslaprov|Lender}} would have received had it held the {{gmslaprov|Loaned Securities}} on the {{gmslaprov|Income Record Date}}. <br>