1.1 - GMSLA Provision: Difference between revisions

1.1 - GMSLA Provision (view source)

679 bytes removed , 30 May 2013

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-{{gmslaprov|1.1}} From time to time the {{gmslaprov|Parties}} acting through one or more {{gmslaprov|Designated Offices}} may enter into transactions in which one party ('''{{gmslaprov|Lender}}''') will transfer to the other ('''{{gmslaprov|Borrower}}''') securities and financial instruments ('''{{gmslaprov|Securities}}''') against the transfer of {{gmslaprov|Collateral}} (as defined in paragraph {{gmslaprov|2}}) with a simultaneous agreement by {{gmslaprov|Borrower}} to transfer to {{gmslaprov|Lender}} {{gmslaprov|Securities}} {{gmslaprov|equivalent to}} such {{gmslaprov|Securities}} on a fixed date or on demand against the transfer to {{gmslaprov|Borrower}} by {{gmslaprov|Lender}} of assets equivalent to such {{gmslaprov|Collateral}}. <br>
+{{gmslasnap|1.1}}
+====Commentary====
+====See Also====
+{{gmslaanatomy}}