Template:Nutshell GMSLA 5.8: Difference between revisions
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{{gmslaprov|5.8}}. '''{{gmslaprov|Timing of returns and further deliveries of Collateral}}''' | {{gmslaprov|5.8}}. '''{{gmslaprov|Timing of returns and further deliveries of Collateral}}''': Where any {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} must be returned or further {{gmslaprov|Collateral}} provided and demand is received by the {{gmslaprov|Notification Time}} specified in paragraph {{gmslaprov|Schedule 1.5}} then it must be made by {{gmslaprov|Close of Business}} on the {{gmslaprov|Business Day}} of the demand. If received after the {{gmslaprov|Notification Time}}, it must be made by {{gmslaprov|Close of Business}} on the following {{gmslaprov|Business Day}}. <br> | ||
Where any {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} must be returned or further {{gmslaprov|Collateral}} provided and demand is received by the {{gmslaprov|Notification Time}} specified in paragraph {{gmslaprov|Schedule 1.5}} then it must be made by {{gmslaprov|Close of Business}} on the {{gmslaprov|Business Day}} of the demand. If received after the {{gmslaprov|Notification Time}}, it must be made by {{gmslaprov|Close of Business}} on the following {{gmslaprov|Business Day}}. <br> | |||
Latest revision as of 18:35, 24 February 2022
5.8. Timing of returns and further deliveries of Collateral: Where any Equivalent Collateral must be returned or further Collateral provided and demand is received by the Notification Time specified in paragraph Schedule 1.5 then it must be made by Close of Business on the Business Day of the demand. If received after the Notification Time, it must be made by Close of Business on the following Business Day.