Master Securities Lending Agreement: Difference between revisions

Revision as of 11:17, 15 January 2018

GMSLA Anatomy™

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2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting

Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers

Navigation 2010 GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · Schedule · Agency Annex · Addendum for Pooled Principal Agency Loans 2018 Pledge GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · 28 · Schedule · Agency Annex Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA

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The prevailing market standard New York law stock lending master agreement, under which collateral passes by pledge, though pledgees are entitled to rehypothecate, so it might as well pass by title transfer.

Compare with the 2010 GMSLA, and the pledge GMSLA, under which a pledgee would not be entitled to rehypothecate.

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 {{anat|gmsla}}
-The prevailing market standard {{tag|New York law}} {{tag|stock lending}} master agreement. Compare with the {{gmsla}}.
+The prevailing market standard {{tag|New York law}} {{tag|stock lending}} master agreement, under which collateral passes by [[pledge]], though pledgees are entitled to [[Rehypothecation|rehypothecate]], so it might as well pass by [[title transfer]].
+Compare with the {{gmsla}}, and the [[pledge GMSLA]], under which a pledgee would ''not'' be entitled to [[rehypothecate]].
 {{seealso}}
 *[[Pledge GMSLA]]