Template:M summ GMSLA 5.8: Difference between revisions
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[[5.8 - GMSLA Provision|Deliciously]] straightforward, though rendered in the baroque curlicues of the {{icmacds}}. Get your call in on time, and you shall have your {{gmslaprov|Collateral}} by the end of the day. Be late, and you get it tomorrow or, if a weekend, Monday. | [[5.8 - GMSLA Provision|Deliciously]] straightforward, though rendered in the baroque curlicues of the {{icmacds}}. Get your call in on time, and you shall have your {{gmslaprov|Collateral}} by the end of the day. Be late, and you get it tomorrow or, if a weekend, Monday. And, yes, yes, yes — adjustments for other non-{{gmslaprov|Business Day}}s too | ||
Expect to see — or at any rate do not be surprised if you do — a range of different cut-off times for different currencies (generally in the afternoon; European currencies early, American ones late, and Asian currencies in the morning), and some contorted brain-bender for non-cash collateral referring to [[Standard settlement cycle|standard settlement cycles]] and so on. | Expect to see — or at any rate do not be surprised if you do — a range of different cut-off times for different currencies (generally in the afternoon; European currencies early, American ones late, and Asian currencies in the morning), and some contorted brain-bender for non-cash collateral referring to [[Standard settlement cycle|standard settlement cycles]] and so on. | ||
Latest revision as of 18:32, 24 February 2022
Deliciously straightforward, though rendered in the baroque curlicues of the ICMA’s crack drafting squad™. Get your call in on time, and you shall have your Collateral by the end of the day. Be late, and you get it tomorrow or, if a weekend, Monday. And, yes, yes, yes — adjustments for other non-Business Days too
Expect to see — or at any rate do not be surprised if you do — a range of different cut-off times for different currencies (generally in the afternoon; European currencies early, American ones late, and Asian currencies in the morning), and some contorted brain-bender for non-cash collateral referring to standard settlement cycles and so on.