Template:Nutshell GMSLA 2000 6.1: Difference between revisions
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'''{{gmsla2000prov|6.1}} {{gmsla2000prov|Manufactured Payments}}''' <br> | '''{{gmsla2000prov|6.1}} {{gmsla2000prov|Manufactured Payments}}''' <br> | ||
Where {{gmsla2000prov|Income}} is paid on any {{gmsla2000prov|Loaned Securities}} or {{gmsla2000prov|Collateral}} the {{gmsla2000prov|Borrower}} or {{gmsla2000prov|Lender}} (as appropriate) must manufacture an equivalent amount of {{gmsla2000prov|Income}} on the relevant payment date (the '''{{gmsla2000prov|Relevant Payment Date}}''') that the other person would have been entitled to receive from the issuer on the {{gmsla2000prov|Income Payment Date had it not delivered the {{gmsla2000prov|Loaned Securities}} or {{gmsla2000prov|Collateral}} under a {{gmsla2000prov|Loan}}. <br> | Where {{gmsla2000prov|Income}} is paid on any {{gmsla2000prov|Loaned Securities}} or {{gmsla2000prov|Collateral}} the {{gmsla2000prov|Borrower}} or {{gmsla2000prov|Lender}} (as appropriate) must manufacture an equivalent amount of {{gmsla2000prov|Income}} on the relevant payment date (the '''{{gmsla2000prov|Relevant Payment Date}}''') that the other person would have been entitled to receive from the issuer on the {{gmsla2000prov|Income Payment Date}} had it not delivered the {{gmsla2000prov|Loaned Securities}} or {{gmsla2000prov|Collateral}} under a {{gmsla2000prov|Loan}}. <br> | ||
Latest revision as of 13:00, 28 May 2019
6.1 Manufactured Payments
Where Income is paid on any Loaned Securities or Collateral the Borrower or Lender (as appropriate) must manufacture an equivalent amount of Income on the relevant payment date (the Relevant Payment Date) that the other person would have been entitled to receive from the issuer on the Income Payment Date had it not delivered the Loaned Securities or Collateral under a Loan.