Interest on Cash Margin - GMRA Provision: Difference between revisions

Interest on Cash Margin - GMRA Provision (view source)

961 bytes added , 13 November 2019

no edit summary

83,492

edits

@@ Line 1: / Line 1: @@
-{{a|gmra|4(f)}}
+{{gmraanat|4(f)}}
+A clause which states the bleeding obvious, as you will know if you’ve read our article on [[money]], and then invites the counterparties to agree an [[interest rate]] in the {{gmraprov|Annex}}.
+Note the difference here between {{gmraprov|Interest on Cash Margin}} under Clause {{gmraprov|4(f)}} — set out in the {{gmraprov|Annex}}, and for those counterparties with alert [[legal eagle]]s, likely to be [[SONIA]] (for [[sterling]]), [[EONIA]] (for [[euro]]) and [[Fed Funds Effective]] (for [[dollars]]), i.e. no longer that ghastly pariah [[LIBOR]] — and ''default'' interest under Clause {{gmraprov|10(f)}}, which is hard-coded to be [[LIBOR]].
+Is that a huge problem? In the scheme of things probably not.
+[[File:Dramatic Chipmunk.png|100px|frameless|left|DID SOMEONE SAY [[LIBOR]]??]]Mention of [[LIBOR]] requires obligatory mention of the [[Dramatic look gopher]], of course. So, without further ado, here you go.
+{{sa}}
+*[[Money]]
+*[[LIBOR]]