Template:Nutshell GMSLA 1.1: Difference between revisions
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{{gmslaprov|1.1}} The {{gmslaprov|Parties}} may enter into transactions through {{gmslaprov|Designated | {{gmslaprov|1.1}} The {{gmslaprov|Parties}} may enter into transactions through {{gmslaprov|Designated Office}}s in which one ('''{{gmslaprov|Lender}}''') transfers to the other ('''{{gmslaprov|Borrower}}''') securities and financial instruments ('''{{gmslaprov|Securities}}''') against the transfer of {{gmslaprov|Collateral}}, with a simultaneous agreement by {{gmslaprov|Borrower}} to transfer to {{gmslaprov|Lender}} {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} on a fixed date or on demand against the transfer to {{gmslaprov|Borrower}} by {{gmslaprov|Lender}} of {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}}. <br> | ||
Revision as of 10:53, 26 October 2018
1.1 The Parties may enter into transactions through Designated Offices in which one (Lender) transfers to the other (Borrower) securities and financial instruments (Securities) against the transfer of Collateral, with a simultaneous agreement by Borrower to transfer to Lender Equivalent Securities on a fixed date or on demand against the transfer to Borrower by Lender of Equivalent Collateral.