Template:M comp disc Pledge GMSLA 11.4: Difference between revisions

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Template:M comp disc Pledge GMSLA 11.4 (view source)

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Revision as of 11:04, 31 March 2022 (view source) 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...")		Latest revision as of 11:04, 31 March 2022 (view source) Amwelladmin (talk \| contribs) No edit summary
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	~~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).		[[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.