Master Securities Lending Agreement: Difference between revisions
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{{anat|gmsla}} | {{anat|gmsla}} | ||
The prevailing market standard | The prevailing market standard [[New York law]] [[stock lending]] master agreement, under which collateral passes by [[pledge]], though pledgees are entitled to [[Rehypothecation|rehypothecate]], so it might as well pass by [[title transfer]]. | ||
Compare with the {{gmsla}}, and the [[pledge GMSLA]], under which a pledgee would ''not'' be entitled to [[rehypothecate]]. | Compare with the {{gmsla}}, and the [[pledge GMSLA]], under which a pledgee would ''not'' be entitled to [[rehypothecate]]. | ||
{{sa}} | {{sa}} | ||
*[[Pledge GMSLA]] | *[[Pledge GMSLA]] | ||
Latest revision as of 13:30, 14 August 2024
The prevailing market standard New York law stock lending master agreement, under which collateral passes by pledge, though pledgees are entitled to rehypothecate, so it might as well pass by title transfer.
Compare with the 2010 GMSLA, and the pledge GMSLA, under which a pledgee would not be entitled to rehypothecate.