Template:Nutshell GMSLA 5.6: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) Created page with "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..." |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
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 {{tag|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 a given day, both Parties would otherwise have to deliver {{gmslaprov|Collateral}} to each other, then those respective {{gmslaprov|Market Value}}s will be {{tag|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. | ||
Revision as of 11:26, 2 February 2016
5.6: Where Collateral values are aggregated under paragraph 5.4 and, on a given day, both Parties would otherwise have to deliver Collateral to each other, then those respective Market Values will be set-off and, in full settlement of both parties' obligations, the Party having the larger delivery obligation must deliver Collateral having a Market Value equal to the difference.