Template:GMSLA 2010 1.1: Difference between revisions
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{{gmslaprov|1.1}} From time to time the {{gmslaprov|Parties}} acting through one or more {{gmslaprov|Designated | {{gmslaprov|1.1}} From time to time the {{gmslaprov|Parties}} acting through one or more {{gmslaprov|Designated Office}}s may enter into transactions in which one party ('''{{gmslaprov|Lender}}''') will transfer to the other ('''{{gmslaprov|Borrower}}''') securities and financial instruments ('''{{gmslaprov|Securities}}''') against the transfer of {{gmslaprov|Collateral}} (as defined in paragraph {{gmslaprov|2}}) with a simultaneous agreement by {{gmslaprov|Borrower}} to transfer to {{gmslaprov|Lender}} {{gmslaprov|Securities}} {{gmslaprov|equivalent to}} such {{gmslaprov|Securities}} on a fixed date or on demand against the transfer to {{gmslaprov|Borrower}} by {{gmslaprov|Lender}} of assets equivalent to such {{gmslaprov|Collateral}}. <br> | ||
Latest revision as of 10:31, 23 January 2020
1.1 From time to time the Parties acting through one or more Designated Offices may enter into transactions in which one party (Lender) will transfer to the other (Borrower) securities and financial instruments (Securities) against the transfer of Collateral (as defined in paragraph 2) with a simultaneous agreement by Borrower to transfer to Lender Securities equivalent to such Securities on a fixed date or on demand against the transfer to Borrower by Lender of assets equivalent to such Collateral.