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6(j) - GMRA Provision: Difference between revisions
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{{fullanat|gmra|6(j)|2000}} | {{fullanat|gmra|6(j)|2000}} | ||
This is the {{gmra}}'s version of a [[flawed asset]] provision—similar, you will note, to the {{isdama}}’s vaunted Section 2(a)(iii). | This is the {{gmra}}'s version of a [[flawed asset]] provision—similar, you will note, to the {{isdama}}’s vaunted Section {{isdaprov|2(a)(iii)}}. Unlike the ISDA version, it's toggle-able, suggesting the framers of the {{gmra}} were somewhat embarrassed to include it. Rightly, because a [[flawed asset]] clause doesn’t make a colossal amount of sense in an intrinsically margined, callable transactions like a [[repo]] agreement. | ||
Oddly, the {{gmsla}} doesn't have a [[flawed asset]] provision (the closest it gets is Paragraph {{gmslaprov|8.6}}), even though in most every other respect, it’s very similar to the {{gmra}}. | Oddly, the {{gmsla}} doesn't have a [[flawed asset]] provision (the closest it gets is Paragraph {{gmslaprov|8.6}}), even though in most every other respect, it’s very similar to the {{gmra}}. | ||