Lender’s right to call for redelivery of Equivalent Securities - OSLA Provision: Difference between revisions
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{{ | {{oslaanat|7(B)}} | ||
=== | ===Standard settlement time=== | ||
Standard settlement time is not defined in the {{osla}} but it is 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. | |||
===Clause comparison=== | |||
The equivalent of this clause in the {{Gmsla}} is | The equivalent of this clause in the {{Gmsla}} is {{gmslaprov|8.1}} | ||
{{sa}} | |||
{{ | *The equivalent {{gmslaprov|8.1}} in the {{gmsla}} | ||
*Standard {{eqderivprov|Settlement Cycle}} in the world of [[equity derivatives]]. |
Latest revision as of 11:41, 28 November 2019
OSLA Anatomy™
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Standard settlement time
Standard settlement time is not defined in the 1995 OSLA but it is worth mentioning that, having recalled a loan, the Lender must allow at least a standard settlement cycle to get the securities back.
Which stands to reason, if you think about it. A 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.
Clause comparison
The equivalent of this clause in the 2010 GMSLA is 8.1
See also
- The equivalent 8.1 in the 2010 GMSLA
- Standard Settlement Cycle in the world of equity derivatives.