Template:Nutshell GMSLA 2.4: Difference between revisions
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{{gmslaprov|2.4}} '''{{gmslaprov|Currency conversions}}''': Subject to paragraph {{gmslaprov|11}}, values stated in other currencies other must be converted into the {{gmslaprov|Base Currency}} at the [[spot rate]] obtained by {{gmslaprov|Lender}} (or if it is subject to an {{gmslaprov|Event of Default}}, the {{gmslaprov|Borrower}}) on the relevant day (or, it is isn’t a {{gmslaprov|Business Day}}, at {{gmslaprov|Close of Business}} on the previous {{gmslaprov|Business Day}} on which a quotation was available. <br> |