Template:Nutshell OSLA Recital: Difference between revisions
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'''[[Recital - OSLA Provision|Whereas]]''':- <br> | '''[[Recital - OSLA Provision|Whereas]]''':- <br> | ||
:1. The {{oslaprov|Parties}} want to agree arrangements under which one (the | :1. The {{oslaprov|Parties}} want to agree arrangements under which one (the '''{{oslaprov|Lender}}''') will make {{oslaprov|Securities}} available to the other (the '''{{oslaprov|Borrower}}''') [[from time to time]] so the {{oslaprov|Borrower}} can sell them to someone else, so ''that someone else'' can sell them to someone else,, who in turn can sell them — and so on and so on you get the picture — or — hell, I don’t know — for other purposes too. <br> | ||
:2. All transactions carried out under this {{oslaprov|Agreement}} will be effected in accordance with applicable {{oslaprov|Rules}} market practices, customs and conventions.<br> | :2. All transactions carried out under this {{oslaprov|Agreement}} will be effected in accordance with applicable {{oslaprov|Rules}} market practices, customs and conventions.<br> | ||
Revision as of 15:57, 27 November 2019
Whereas:-
- 1. The Parties want to agree arrangements under which one (the Lender) will make Securities available to the other (the Borrower) from time to time so the Borrower can sell them to someone else, so that someone else can sell them to someone else,, who in turn can sell them — and so on and so on you get the picture — or — hell, I don’t know — for other purposes too.
- 2. All transactions carried out under this Agreement will be effected in accordance with applicable Rules market practices, customs and conventions.