Lender’s right to call for redelivery of Equivalent Securities - OSLA Provision: Difference between revisions
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
{{oslaanat|7(B)}} | {{oslaanat|7(B)}} | ||
===Standard settlement time=== | |||
Standard settlement time is not defined in the {{osla}} but it is worth mentioning that, having recalled a loan, the {{oslaprov|Lender}} must allow at least a [[standard settlement cycle]] to get the securities back. | |||
Which stands to reason, if you think about it. A ''{{oslaprov|Borrower}}'' who decides to terminate a loan can send them back immediately - it being harder (but, in my experience, not impossible) to take ''yourself'' by surprise. | Which stands to reason, if you think about it. A ''{{oslaprov|Borrower}}'' who decides to terminate a loan can send them back immediately - it being harder (but, in my experience, not impossible) to take ''yourself'' by surprise. |
Latest revision as of 11:41, 28 November 2019
OSLA Anatomy™
view template
|
Standard settlement time
Standard settlement time is not defined in the 1995 OSLA but it is worth mentioning that, having recalled a loan, the Lender must allow at least a standard settlement cycle to get the securities back.
Which stands to reason, if you think about it. A Borrower who decides to terminate a loan can send them back immediately - it being harder (but, in my experience, not impossible) to take yourself by surprise.
Clause comparison
The equivalent of this clause in the 2010 GMSLA is 8.1
See also
- The equivalent 8.1 in the 2010 GMSLA
- Standard Settlement Cycle in the world of equity derivatives.