GMRA Anatomy: Difference between revisions
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===Does a repo count as [[borrowed money]]?=== | ===Does a repo count as [[borrowed money]]?=== | ||
According to Simon Firth on derivatives, [[Borrowed money|no]]. Nor does a [[stock loan]]. | According to Simon Firth on derivatives, [[Borrowed money|no]]. Nor does a [[stock loan]]. | ||
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{{gmraprov|19}}. {{gmraprov|Waiver of immunity}} <br> | {{gmraprov|19}}. {{gmraprov|Waiver of immunity}} <br> | ||
{{gmraprov|20}}. {{gmraprov|Recording}} <br> | {{gmraprov|20}}. {{gmraprov|Recording}} <br> | ||
{{gmraprov|21}}. {{gmraprov|Third Party Rights}} <br> | {{gmraprov|21}}. {{gmraprov|Third Party Rights}} <br> | ||
Revision as of 09:56, 29 November 2018
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GMRA Anatomy™
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Does a repo count as borrowed money?
According to Simon Firth on derivatives, no. Nor does a stock loan.
TOC
1. Applicability
2. Definitions
3. Initiation; Confirmation; Termination
4. Margin Maintenance
5. Income Payments
6. Payment and Transfer
7. Contractual Currency
8. Substitution
9. Representations
10. Events of Default
11. Tax Event
12. Interest
13. Single Agreement
14. Notices and Other Communications
15. Entire Agreement; Severability
16. Non assignability; Termination
17. Governing Law
18. No Waivers, etc.
19. Waiver of immunity
20. Recording
21. Third Party Rights