Template:M comp disc GMSLA 7: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{2010 GMSLA Section 7 TOC}}") |
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{{ | The rate payable on {{gmslaprov|Loaned Securities}} and, for the {{gmsla}} only, provision for [[interest]] on {{gmslaprov|Cash Collateral}}. You wouldn’t ''have'' cash collateral in a {{pgmsla}}, the very point of the transaction being to upgrade all those crappy equity securities sitting on your balancesheet that you [[rehypothecate]]d as [[collateral]] for your margin loans and bought as {{eqderivprov|Hedge Positions}} for your [[delta-one]] [[synthetic equity swap]]s. | ||
Aside from chopping out that middle paragraph {{gmslaprov|7.2}} relating to {{gmslaprov|Cash Collateral}}, and some conforming amendments, the {{pgmsla}} has much the same vibe as the {{gmsla}}. | |||
Latest revision as of 14:04, 7 July 2020
The rate payable on Loaned Securities and, for the 2010 GMSLA only, provision for interest on Cash Collateral. You wouldn’t have cash collateral in a 2018 Pledge GMSLA, the very point of the transaction being to upgrade all those crappy equity securities sitting on your balancesheet that you rehypothecated as collateral for your margin loans and bought as Hedge Positions for your delta-one synthetic equity swaps.
Aside from chopping out that middle paragraph 7.2 relating to Cash Collateral, and some conforming amendments, the 2018 Pledge GMSLA has much the same vibe as the 2010 GMSLA.