Template:Nutshell OSLA 2: Difference between revisions

Latest revision as of 16:18, 8 January 2022

2. Loans of Securities
2(A) The Lender may lend Securities to the Borrower under this Agreement and the Rules, by accepting a Borrowing Request.
2(B) The Borrower may reduce the amount of Securities subject to a Borrowing Request by giving the Lender notice by midday in London two Business Days before the Settlement Date, if the Lender accepts the reduction.

@@ Line 1: / Line 1: @@
 {{oslaprov|2}}.	'''{{oslaprov|Loans of Securities}}''' <br>
-{{oslaprov|2(A)}} The {{oslaprov|Lender}} will lend {{oslaprov|Securities}} to the {{oslaprov|Borrower}}, under this {{oslaprov|Agreement}} and with the {{oslaprov|Rules}} once the {{oslaprov|Lender}} has accepted a {{oslaprov|Borrowing Request}}. <br>
+{{oslaprov|2(A)}} The {{oslaprov|Lender}} may lend {{oslaprov|Securities}} to the {{oslaprov|Borrower}} under this {{oslaprov|Agreement}} and the {{oslaprov|Rules}}, by accepting a {{oslaprov|Borrowing Request}}. <br>
-{{oslaprov|2(B)}} The {{oslaprov|Borrower}} may reduce the amount of {{oslaprov|Securities}} subject to a {{oslaprov|Borrowing Request}} as long as it has given notice to the {{oslaprov|Lender}} by midday in London two {{oslaprov|Business Day}}s before the {{oslaprov|Settlement Date}} and the {{oslaprov|Lender}} has accepted the reduction.   <br>
+{{oslaprov|2(B)}} The {{oslaprov|Borrower}} may reduce the amount of {{oslaprov|Securities}} subject to a {{oslaprov|Borrowing Request}} by giving the {{oslaprov|Lender}} notice by midday in London two {{oslaprov|Business Day}}s before the {{oslaprov|Settlement Date}}, if the {{oslaprov|Lender}} accepts the reduction. <br>