Reference Dealers - GMSLA Provision: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
← Older edit
VisualWikitext
No edit summary
No edit summary
 
(5 intermediate revisions by the same user not shown)
Line 1: Line 1:
{{gmslasnap|Reference Dealers}}
{{gmslaanat|Reference Dealers}}
{{comm}}
If, when determining a {{gmslaprov|Market Value}}, you have got as far as using {{gmslaprov|Reference Dealers}}, things are not going well. This chips are down, and figuring out how and what to average out of your dealer poll will not lift your spirits. Which will amount to nothing if more than one {{gmslaprov|Reference Dealer}} refuses to quote. Do not tarry: progress directly to “the party making the determination will, whilst avoiding being a total jerk, just make it up on the spot”, which is what the ultimate fallback amounts to.
{{nuts|GMSLA|Reference Dealers}}
{{Seealso}}
====See Also====
*{{gmslaprov|Market Value}}
{{gmslaanatomy}}
If, when determining a {{gmslaprov|Market Value}}, you have got as far as using {{gmslaprov|Reference Dealers}}, things are not going well. This chips are down, and figuring out how and what to average out of your dealer poll will not lift your spirits. Which will amount to nothing if more than one {{gmslaprov|Reference Dealer}} refuses to quote. Do not tarry: progress directly to "the party making the determination will, whilst avoiding being a total jerk, just make it up on the spot", which is what the ultimate fallback amounts to.

Latest revision as of 17:40, 1 November 2019

GMSLA Anatomy™


In a Nutshell™ Clause Reference Dealers:

Reference Dealers means four leading dealers in the relevant market chosen by the person determining an Market Value.
view template

2010 GMSLA full text of Clause Reference Dealers:

Reference Dealers means, in relation to any Securities, Equivalent Securities, Collateral or Equivalent Collateral, four leading dealers in the relevant securities selected by the Party making the determination of Market Value in good faith;
view template

2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting

Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers

Navigation
2010 GMSLA 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 · 27 · Schedule · Agency Annex · Addendum for Pooled Principal Agency Loans

2018 Pledge GMSLA 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 · 27 · 28 · Schedule · Agency Annex

Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA

Index: Click ᐅ to expand:
GMSLA
Pledge GMSLA
OSLA
Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.


If, when determining a Market Value, you have got as far as using Reference Dealers, things are not going well. This chips are down, and figuring out how and what to average out of your dealer poll will not lift your spirits. Which will amount to nothing if more than one Reference Dealer refuses to quote. Do not tarry: progress directly to “the party making the determination will, whilst avoiding being a total jerk, just make it up on the spot”, which is what the ultimate fallback amounts to.

See also

Retrieved from "https://jollycontrarian.com/index.php?title=Reference_Dealers_-_GMSLA_Provision&oldid=34116"