Template:Nutshell GMSLA 1.1: Difference between revisions
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{{gmslaprov|1.1}} The {{gmslaprov|Parties}} may enter into {{gmslaprov|Loan}}s where one ('''{{gmslaprov|Lender}}''') transfers securities and financial instruments ('''{{gmslaprov|Securities}}''') to the other ('''{{gmslaprov|Borrower}}''') against the transfer by the other of {{gmslaprov|Collateral}}, with a simultaneous agreement by the {{gmslaprov|Borrower}} to transfer {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} back to {{gmslaprov|Lender}} at a future date against the return of {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}}. <br> | {{gmslaprov|1.1}} The {{gmslaprov|Parties}} may enter into {{gmslaprov|Loan}}s through their {{gmslaprov|Designated Office}}s where one ('''{{gmslaprov|Lender}}''') transfers securities and financial instruments ('''{{gmslaprov|Securities}}''') to the other ('''{{gmslaprov|Borrower}}''') against the transfer by the other of {{gmslaprov|Collateral}}, with a simultaneous agreement by the {{gmslaprov|Borrower}} to transfer {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} back to {{gmslaprov|Lender}} at a future date against the return of {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}}. <br> | ||
Latest revision as of 11:01, 26 October 2018
1.1 The Parties may enter into Loans through their Designated Offices where one (Lender) transfers securities and financial instruments (Securities) to the other (Borrower) against the transfer by the other of Collateral, with a simultaneous agreement by the Borrower to transfer Equivalent Securities back to Lender at a future date against the return of Equivalent Collateral.