Nominee - GMSLA Provision: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
← Older edit
VisualWikitext
No edit summary
No edit summary
 
(2 intermediate revisions by the same user not shown)
Line 1: Line 1:
{{gmslaanat|Nominee}}
{{Manual|MSG|2010|Nominee|Clause|Nominee|short}}
Not quite the same as a [[custody]] [[nominee]] — this is more a lazy reference to the general case of an [[agent]] or [[custodian]] who handles assets and payments on your behalf. Usually a “[[nominee]]” is a more technical term for the entity a custodian or [[broker/dealer]] uses to hold [[client asset]]s entrusted to it for [[custody]], thereby keeping them utterly segregated from the [[broker]]’s own assets.
{{sa}}
*A specific custody [[nominee]]
*[[CASS Anatomy]]

Latest revision as of 10:59, 2 July 2020

2010 Global Master Securities Lending Agreement
A Jolly Contrarian owner’s manual™

Resources and navigation

2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting

Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers
Navigation
2010 GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · Schedule · Agency Annex · Addendum for Pooled Principal Agency Loans
2018 Pledge GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · 28 · Schedule · Agency Annex

Stock Loan owner’s manuals: 2010 GMSLA · 2000 GMSLA · Pledge GMSLA · OSLA

Index: Click ᐅ to expand:
GMSLA
Pledge GMSLA

Clause Nominee in a Nutshell™

Use at your own risk, campers!
Nominee means an agent a Party appoints to hold its Securities or Collateral or to handle its payments;

Full text of Clause Nominee

Nominee means a nominee or agent appointed by either Party to accept delivery of, hold or deliver Securities, Equivalent Securities, Collateral and/or Equivalent Collateral or to receive or make payments on its behalf;

Related agreements and comparisons

Related agreements: Click here for the same clause in the 2018 Pledge GMSLA
Related agreements: Click here for the same clause in the 1995 OSLA
Comparison: There is no equivalent provision in the other version of the GMSLA.
Comparison: Template:Osladiff Nominee

Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Content and comparisons

Template:M comp disc GMSLA Nominee

Template

Summary

Not quite the same as a custody nominee — this is more a lazy reference to the general case of an agent or custodian who handles assets and payments on your behalf. Usually a “nominee” is a more technical term for the entity a custodian or broker/dealer uses to hold client assets entrusted to it for custody, thereby keeping them utterly segregated from the broker’s own assets.

Template

See also

Template

References

Retrieved from "https://jollycontrarian.com/index.php?title=Nominee_-_GMSLA_Provision&oldid=45500"