Redelivery of Equivalent Securities - OSLA Provision: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
No edit summary
mNo edit summary
Line 7: Line 7:
====Related Provisions====
====Related Provisions====
*{{gmsla}} Paragraphs {{gmslaprov|8}} and {{gmslaprov|9}}.
*{{gmsla}} Paragraphs {{gmslaprov|8}} and {{gmslaprov|9}}.
{{gmslaanatomy}}
{{oslaanatomy}}

Revision as of 15:54, 22 July 2013

Paragraph 7, 1995 Overseas Securities Lender’s Agreement

Template:1995 OSLA 7
view template

Commentary

See Clause 8.3 and 8.4 of the GMSLA by way of comparison, and also Clause 9 which deals with the "mini-closeout" right upon a Party's Failure to Deliver Equivalent Securities or Failure to Deliver Equivalent Collateral.

Clause 7(C) of the OSLA operates in much the same way as the "mini-closeout", by permitting a Non-Defaulting Party to determine a value of each Loan as the difference between the value of the opposing legs of the trade.

Related Provisions


OSLA Anatomy - Resources

Documentation: 1995 OSLA | 2010 GMSLA |
More Information: | GMSLA Netting | Guide to Equity Finance
See also: GMSLA Anatomy | Other Anatomies
Clause Navigation: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 |
Back to: OSLA Anatomy
Anatomy™: AIFMD | CASS | COBS | Conference calls | Confis | CRR | CSA | EMIR | Equity Derivatives | FOA PCA | FUND | GMRA | GMSLA | ISDA | OSLA | PB | Swapclear | UCITS