Reference Dealers - GMSLA Provision: Difference between revisions

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{{gmslasnap|Reference Dealers}}
{{fullanat|gmsla|Reference Dealers|2010}}
{{nuts|GMSLA|Reference Dealers}}
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If, when determining a {{gmslaprov|Market Value}}, you have got as far as using {{gmslaprov|Reference Dealers}}, things are not going well. This chips are down, and figuring out how and what to average out of your dealer poll will not lift your spirits. Which will amount to nothing if more than one {{gmslaprov|Reference Dealer}} refuses to quote. Do not tarry: progress directly to "the party making the determination will, whilst avoiding being a total jerk, just make it up on the spot", which is what the ultimate fallback amounts to.
If, when determining a {{gmslaprov|Market Value}}, you have got as far as using {{gmslaprov|Reference Dealers}}, things are not going well. This chips are down, and figuring out how and what to average out of your dealer poll will not lift your spirits. Which will amount to nothing if more than one {{gmslaprov|Reference Dealer}} refuses to quote. Do not tarry: progress directly to "the party making the determination will, whilst avoiding being a total jerk, just make it up on the spot", which is what the ultimate fallback amounts to.
====See Also====
{{Seealso}}
*{{gmslaprov|Market Value}}
*{{gmslaprov|Market Value}}
{{gmslaanatomy}}

Revision as of 13:04, 8 March 2018

GMSLA Anatomy™


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Reference Dealers means, in relation to any Securities, Equivalent Securities, Collateral or Equivalent Collateral, four leading dealers in the relevant securities selected by the Party making the determination of Market Value in good faith;


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1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
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Reference Dealers in a Nutshell™ (GMSLA edition)

Reference Dealers means four leading dealers in the relevant market chosen by the person determining an Market Value.

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Commentary

If, when determining a Market Value, you have got as far as using Reference Dealers, things are not going well. This chips are down, and figuring out how and what to average out of your dealer poll will not lift your spirits. Which will amount to nothing if more than one Reference Dealer refuses to quote. Do not tarry: progress directly to "the party making the determination will, whilst avoiding being a total jerk, just make it up on the spot", which is what the ultimate fallback amounts to.

See also

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