Template:Nutshell GMSLA 5.6: Difference between revisions

Template:Nutshell GMSLA 5.6 (view source)

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	:{{gmslaprov\|5.6}}: Where {{gmslaprov\|Collateral}} values are aggregated under paragraph {{gmslaprov\|5.4}} and, on ~~a given~~ day, both Parties would otherwise have to deliver {{gmslaprov\|Collateral}} to each other, ~~then those~~ respective {{gmslaprov\|Market Value}}s will be [[set-off]] and, in full settlement of both ~~parties'~~ obligations, the {{gmslaprov\|Party}} having the larger delivery obligation must deliver {{gmslaprov\|Collateral}} having a {{gmslaprov\|Market Value}} equal to the difference.		{{gmslaprov\|5.6}}: Where {{gmslaprov\|Collateral}} values are aggregated under paragraph {{gmslaprov\|5.4}} and, on any day, both Parties would otherwise have to deliver {{gmslaprov\|Collateral}} to each other, the respective {{gmslaprov\|Market Value}}s will be [[set-off]] and, in full settlement of both parties’ obligations, the {{gmslaprov\|Party}} having the larger delivery obligation must deliver {{gmslaprov\|Collateral}} having a {{gmslaprov\|Market Value}} equal to the difference.