Deliveries of Income - Pledge GMSLA Provision: Difference between revisions

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{{pgmslaanat|4.3}}
{{pgmslaanat|4.4}}
Rather like the equivalent provision (para {{gmslaprov|4.3}}) in the {{gmsla}}, only no reference to {{gmslaprov|Collateral}}, seeing as the {{gmslaprov|Lender}} doesn’t ever get title to the {{gmslaprov|Collateral}}, so all the {{gmslaprov|Income}} automatically vests in the {{gmslaprov|Borrower}} anyway without any of this need for customary and appropriate endorsements (and certainly no risk that the {{gmslaprov|Lender}} has disposed of the {{gmslaprov|Collateral}}, which it doesn’t own in the first place.
Rather like the equivalent provision (para {{gmslaprov|4.3}}) in the {{gmsla}}, only no reference to {{gmslaprov|Collateral}}, seeing as the {{gmslaprov|Lender}} doesn’t ever get title to the {{gmslaprov|Collateral}}, so all the {{gmslaprov|Income}} automatically vests in the {{gmslaprov|Borrower}} anyway without any of this need for customary and appropriate endorsements (and certainly no risk that the {{gmslaprov|Lender}} has disposed of the {{gmslaprov|Collateral}}, which it doesn’t own in the first place.


{{sa}}  
{{sa}}  
*The equivalent paragraph {{gmslaprov|4.3}} in the {{gmsla}}.
*The equivalent paragraph {{gmslaprov|4.4}} in the {{gmsla}}.

Revision as of 12:38, 8 August 2019

Pledge GMSLA Anatomy™


In a Nutshell™ Clause 4.4:

Template:Nutshell PGMSLA 4.4 view template

2018 Pledge GMSLA full text of this provision:

Template:PGMSLA 2010 4.4 view template

See equivalent provision in the 2010 GMSLA

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
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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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Rather like the equivalent provision (para 4.3) in the 2010 GMSLA, only no reference to Collateral, seeing as the Lender doesn’t ever get title to the Collateral, so all the Income automatically vests in the Borrower anyway without any of this need for customary and appropriate endorsements (and certainly no risk that the Lender has disposed of the Collateral, which it doesn’t own in the first place.

See also

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