Manufactured payments in respect of Loaned Securities - GMSLA Provision: Difference between revisions
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====Commentary==== | ====Commentary==== | ||
In other words the {{gmslaprov|Borrower}} pays what the {{gmslaprov|Lender}} would have received net, by reference to the Lender's own situation. This means that the {{gmslaprov|Lender}} doesn't need to worry about different rates of tax or withholding applying to the {{gmslaprov|Borrower}}. Makes sense, really. | |||
====See Also==== | ====See Also==== | ||
{{gmslaanatomy}} | {{gmslaanatomy}} | ||
Revision as of 17:01, 3 July 2014
Commentary
In other words the Borrower pays what the Lender would have received net, by reference to the Lender's own situation. This means that the Lender doesn't need to worry about different rates of tax or withholding applying to the Borrower. Makes sense, really.
See Also
update to anat|gmsla
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