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Template:Nutshell GMSLA 5.7: Difference between revisions
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Where Equivalent Collateral is delivered and the Parties have not agreed otherwise it will be attributed to the earliest outstanding Loan up to the point at which the Market Value of Collateral for that Loan equals its Required Collateral Value, and then to the next earliest outstanding Loan and so on. | {{gmslaprov|5.7}} Where {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} is delivered and the Parties have not agreed otherwise it will be attributed to the earliest outstanding Loan up to the point at which the {{gmslaprov|Market Value}} of {{gmslaprov|Collateral}} for that {{gmslaprov|Loan}} equals its {{gmslaprov|Required Collateral Value}}, and then to the next earliest outstanding {{gmslaprov|Loan}} and so on. <br> | ||