Template:Nutshell GMSLA 6.2: Difference between revisions

Latest revision as of 14:34, 1 August 2019

6.2 Where a Loan extends over an Income Record Date, on the distribution date the Borrower must manufacture the Income the Lender would have received had it held the Loaned Securities on the Income Record Date.

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	{{gmslaprov\|6.2}} Where a {{gmslaprov\|Loan}} extends over an {{gmslaprov\|Income Record Date}}, on the distribution date the {{gmslaprov\|Borrower}} must ~~account to the {{gmslaprov\|Lender}} for~~ the {{gmslaprov\|Income}} the {{gmslaprov\|Lender}} would have received had it held the ~~loaned securities~~ on the {{gmslaprov\|Income Record Date}}. <br>		{{gmslaprov\|6.2}} Where a {{gmslaprov\|Loan}} extends over an {{gmslaprov\|Income Record Date}}, on the distribution date the {{gmslaprov\|Borrower}} must manufacture the {{gmslaprov\|Income}} the {{gmslaprov\|Lender}} would have received had it held the {{gmslaprov\|Loaned Securities}} on the {{gmslaprov\|Income Record Date}}. <br>