Standard settlement time - OSLA Provision: Difference between revisions

Latest revision as of 11:40, 28 November 2019

Redirect to:

@@ Line 1: / Line 1: @@
-{{oslaanat|7(B)}}
+#redirect[[Lender’s right to call for redelivery of Equivalent Securities - OSLA Provision]]
-Well, not strictly speaking an {{osla}} provision — more a textual reference, in clauses {{oslaprov|7(B)}} the “{{oslaprov|standard settlement time}}” is not defined in the {{osla}} but worth mentioning that, having recalled a loan, the {{oslaprov|Lender}} must allow at least a [[standard settlement cycle]] to get the securities back.
-Which stands to reason, if you think about it. A ''{{oslaprov|Borrower}}'' who decides to terminate a loan can send them back immediately - it being harder (but, in my experience, not impossible) to take ''yourself'' by surprise.
-{{sa}}
-*The equivalent {{gmslaprov|8.1}} in the {{gmsla}}
-*Standard {{eqderivprov|Settlement Cycle}} in the world of [[equity derivatives]].