Template:Gmsla equivalence: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
Now here’s a funny thing. In the {{2000gmsla}}, there were ''four'' defined terms relating to the {{gmslaprov|Securities}} and {{gmslaprov|Collateral}} that pass between the parties to a [[stock loan]], all of them [[noun]]s: | Techy linguistic aside: Now here’s a funny thing. In the {{2000gmsla}}, there were ''four'' defined terms relating to the {{gmslaprov|Securities}} and {{gmslaprov|Collateral}} that pass between the parties to a [[stock loan]], all of them [[noun]]s: | ||
*{{gmslaprov|Securities}} | *{{gmslaprov|Securities}} | ||
*{{gmslaprov|Collateral}} | *{{gmslaprov|Collateral}} | ||
| Line 9: | Line 9: | ||
*{{gmslaprov|Collateral}} | *{{gmslaprov|Collateral}} | ||
*{{gmslaprov|Equivalent}} | *{{gmslaprov|Equivalent}} | ||
This means you can move from the utterly tiring “{{gmslaprov|Securities}}, {{gmslaprov|Collateral}}, or {{gmslaprov|Equivalent Securities}} or {{gmslaprov|Equivalent Collateral}}” on the {{2000gmsla}} to the less offensive “{{gmslaprov|Securities}}, {{gmslaprov|Collateral}} or their {{gmslaprov|Equivalent}}s” in the {{gmsla}}.<ref>Well,you could have, but the drafters didn’t.</ref> | |||
Dare [[I]] say it: neat drafting, that person. | Dare [[I]] say it: neat drafting, that person. | ||
Revision as of 10:05, 17 June 2019
Techy linguistic aside: Now here’s a funny thing. In the 2000 GMSLA, there were four defined terms relating to the Securities and Collateral that pass between the parties to a stock loan, all of them nouns:
Under the 2010 GMSLA, by contrast, there are just three; two shorter nouns and an adjective:
This means you can move from the utterly tiring “Securities, Collateral, or Equivalent Securities or Equivalent Collateral” on the 2000 GMSLA to the less offensive “Securities, Collateral or their Equivalents” in the 2010 GMSLA.[1]
Dare I say it: neat drafting, that person.
- ↑ Well,you could have, but the drafters didn’t.