Template:Nutshell GMSLA 11.5: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "{{gmslaprov|11.5}}. If the {{gmslaprov|Non Defaulting Party}} <br> :(A) cannot buy or sell securities (per {{gmslaprov|11.4(a)}}) or obtain quotations (per {{gmslaprov|11.4(b)..." |
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{{gmslaprov|11.5}}. If the {{gmslaprov|Non Defaulting Party}} <br> | :{{gmslaprov|11.5}}. If the {{gmslaprov|Non Defaulting Party}} <br> | ||
:(A) cannot buy or sell securities (per {{gmslaprov|11.4(a)}}) or obtain quotations (per {{gmslaprov|11.4(b)}}); or <br> | ::(A) cannot buy or sell securities (per {{gmslaprov|11.4(a)}}) or obtain quotations (per {{gmslaprov|11.4(b)}}); or <br> | ||
:(B) determines it would not be commercially reasonable to do so (or use any {{gmslaprov|11.4(b)}} quotations which did get); | ::(B) determines it would not be commercially reasonable to do so (or use any {{gmslaprov|11.4(b)}} quotations which did get); <br> | ||
it may determine the {{gmslaprov|Net Value}} of {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} or {{gmslaprov|Collateral}} and treat it as the relevant {{gmslaprov|Default Market Value}}. <br> | :it may determine the {{gmslaprov|Net Value}} of {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} or {{gmslaprov|Collateral}} and treat it as the relevant {{gmslaprov|Default Market Value}}. <br> | ||
Revision as of 12:26, 8 March 2018
- 11.5. If the Non Defaulting Party
- it may determine the Net Value of Equivalent Securities or Collateral and treat it as the relevant Default Market Value.