Manufactured payments in respect of Loaned Securities - GMSLA Provision: Difference between revisions
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{{ | {{fullanat|gmsla|6.2|2010}}In other words the {{gmslaprov|Borrower}} pays what the {{gmslaprov|Lender}} would have received net, by reference to the Lender's own situation. This means that the {{gmslaprov|Lender}} doesn't need to worry about different rates of tax or withholding applying to the {{gmslaprov|Borrower}}. Makes sense, really. | ||
In other words the {{gmslaprov|Borrower}} pays what the {{gmslaprov|Lender}} would have received net, by reference to the Lender's own situation. This means that the {{gmslaprov|Lender}} doesn't need to worry about different rates of tax or withholding applying to the {{gmslaprov|Borrower}}. Makes sense, really. | |||
{{nuts|GMSLA|Manufactured payments in respect of Loaned Securities}} | {{nuts|GMSLA|Manufactured payments in respect of Loaned Securities}} | ||