Template:GMSLA 2010 Delivery: Difference between revisions

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'''{{gmslaprov|Deliver}}y''' in relation to any {{gmslaprov|Securities}} or {{gmslaprov|Collateral}} or {{gmslaprov|Equivalent Securities}} or {{gmslaprov|Equivalent Collateral}} comprising {{gmslaprov|Securities}} means: <br>
'''{{gmslaprov|Deliver}}y''' in relation to any {{gmslaprov|Securities}} or {{gmslaprov|Collateral}} or {{gmslaprov|Equivalent Securities}} or {{gmslaprov|Equivalent Collateral}} comprising {{gmslaprov|Securities}} means: <br>
:(a) in the case of {{gmslaprov|Securities}} held by a {{gmslaprov|Nominee}} or within a clearing or settlement system, the crediting of such {{gmslaprov|Securities}} to an account of the {{gmslaprov|Borrower}} or {{gmslaprov|Lender}}, as the case may be, or as it shall direct, or, <br>
:(a) in the case of {{gmslaprov|Securities}} held by a {{gmslaprov|Nominee}} or within a clearing or settlement system, the crediting of such {{gmslaprov|Securities}} to an account of the {{gmslaprov|Borrower}} or {{gmslaprov|Lender}}, as the case may be, or as it shall direct, or, <br>
:(b) in the case of {{gmslaprov|Securities}} otherwise held, the delivery to {{gmslaprov|Borrower}} or {{gmslaprov|Lender}}, as the case may be, or as the transferee shall direct of the relevant instruments of transfer, or <br>
:(b) in the case of {{gmslaprov|Securities}} otherwise held, the delivery to {{gmslaprov|Borrower}} or {{gmslaprov|Lender}}, as the case may be, or as the transferee shall direct of the relevant instruments of transfer, or <br>
:(c) by such other means as may be agreed,<br>
:(c) by such other means as may be agreed,<br>
and {{gmslaprov|deliver}} shall be construed accordingly; <br>
and {{gmslaprov|deliver}} shall be construed accordingly; <br>

Latest revision as of 15:32, 2 May 2019

Delivery in relation to any Securities or Collateral or Equivalent Securities or Equivalent Collateral comprising Securities means:

(a) in the case of Securities held by a Nominee or within a clearing or settlement system, the crediting of such Securities to an account of the Borrower or Lender, as the case may be, or as it shall direct, or,
(b) in the case of Securities otherwise held, the delivery to Borrower or Lender, as the case may be, or as the transferee shall direct of the relevant instruments of transfer, or
(c) by such other means as may be agreed,

and deliver shall be construed accordingly;