Template:M comp disc GMSLA Act of Insolvency: Difference between revisions
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The {{gmslaprov|Act of Insolvency}} provisions are identical in the {{pgmsla}} and the {{gmsla}}. Also, compare with the leave-nothing-to-the-imagination “{{isdaprov|Bankruptcy}}” definition in the {{isdama}}. The {{gmsla}}’s [[grace period]] is the languid 30 days, like the one in the {{1992ma}}, rather than the more stringent 15 introduced in the {{2002ma}}. | The {{gmslaprov|Act of Insolvency}} provisions are identical in the {{pgmsla}} and the {{gmsla}}. Also, compare this with the leave-nothing-to-the-imagination “{{isdaprov|Bankruptcy}}” definition in the {{isdama}}. The {{gmsla}}’s [[grace period]] is the languid 30 days, like the one in the {{1992ma}}, rather than the more stringent 15 introduced in the {{2002ma}}. | ||
Latest revision as of 16:30, 26 August 2020
The Act of Insolvency provisions are identical in the 2018 Pledge GMSLA and the 2010 GMSLA. Also, compare this with the leave-nothing-to-the-imagination “Bankruptcy” definition in the ISDA Master Agreement. The 2010 GMSLA’s grace period is the languid 30 days, like the one in the 1992 ISDA, rather than the more stringent 15 introduced in the 2002 ISDA.