Template:Gmsla equivalence: Difference between revisions
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Now | Techy linguistic aside: Now here’s a funny thing. In the {{2000gmsla}}, there were ''four'' defined terms relating to the {{gmslaprov|Securities}} and {{gmslaprov|Collateral}} that pass between the parties to a [[stock loan]], all of them [[noun]]s: | ||
*{{gmslaprov|Securities}} | |||
*{{gmslaprov|Collateral}} | |||
*{{gmslaprov|Equivalent Securities}} | |||
*{{gmslaprov|Equivalent Collateral}} | |||
But under the {{2010gmsla}}, there are just ''three''; two shorter [[noun]]s and an [[adjective]]: | |||
*{{gmslaprov|Securities}} | |||
*{{gmslaprov|Collateral}} | |||
*{{gmslaprov|Equivalent}} | |||
This means you can move from the utterly tiring “{{gmslaprov|Securities}}, {{gmslaprov|Collateral}}, {{gmslaprov|Equivalent Securities}} or {{gmslaprov|Equivalent Collateral}}” which is fire-hosed throughout the {{2000gmsla}} to the less offensive “{{gmslaprov|Securities}}, {{gmslaprov|Collateral}} or their {{gmslaprov|Equivalent}}s” in the {{gmsla}}.<ref>Well,you could have, but the drafters didn’t.</ref> | |||
Latest revision as of 10:01, 20 December 2020
Techy linguistic aside: Now here’s a funny thing. In the 2000 GMSLA, there were four defined terms relating to the Securities and Collateral that pass between the parties to a stock loan, all of them nouns:
But under the 2010 GMSLA, there are just three; two shorter nouns and an adjective:
This means you can move from the utterly tiring “Securities, Collateral, Equivalent Securities or Equivalent Collateral” which is fire-hosed throughout the 2000 GMSLA to the less offensive “Securities, Collateral or their Equivalents” in the 2010 GMSLA.[1]
- ↑ Well,you could have, but the drafters didn’t.