Template:Nutshell GMSLA Income: Difference between revisions

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'''{{gmslaprov|Income}}''' means {{eqderivprov|dividend}}s and similar distributions made [[under]] any {{gmslaprov|Securities}} or {{gmslaprov|Collateral}}; <br>
'''{{gmslaprov|Income}}''' means [[interest]], {{eqderivprov|dividend}}s and similar distributions<ref>Note: this contains significant [[JC]] editorialising about what this clause is ''meant'' to, but if read literally, does not achieve: See commentary under {{gmslaprov|Income}}.</ref> made [[under]] any {{gmslaprov|Securities}} or {{gmslaprov|Collateral}}; <br>

Latest revision as of 09:45, 23 December 2020

Income means interest, dividends and similar distributions[1] made under any Securities or Collateral;

  1. Note: this contains significant JC editorialising about what this clause is meant to, but if read literally, does not achieve: See commentary under Income.