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Amwelladmin (talk | contribs) (Created page with "the rather confusing terms {{gmslaprov|Deliverable Securities}} and {{gmslaprov|Receivable Securities}} have disappeared from the {{pgmsla}}, because the {{gmslaprov|Collatera...") |
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[[11.4 - Pledge GMSLA Provision|The]] rather confusing terms {{gmslaprov|Deliverable Securities}} and {{gmslaprov|Receivable Securities}} have disappeared from the {{pgmsla}}, because the {{gmslaprov|Collateral}} leg is locked down now, and by normal operating theory never leaves the {{gmslaprov|Borrower}}’s ownership or the [[Triparty agent|triparty agent]]’s custody — but in any rate since it is immobilised in the triparty system, can hardly be subject to a settlement failure (at least not one that is in any way the {{pgmslaprov|Lender}}’s fault). | |||
There is still the potential for {{pgmslaprov|buy-in}}s on the {{pgmslaprov|Securities}} leg, of course. | There is still the potential for {{pgmslaprov|buy-in}}s on the {{pgmslaprov|Securities}} leg, of course. |