Template:M summ GMSLA 8.1: Difference between revisions
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Well, not strictly speaking a {{gmsla}} provision — more a textual reference, in clauses {{gmslaprov|8.1}} the “{{gmslaprov|standard settlement time}}” is not defined in the {{gmsla}} but worth mentioning that, having recalled a {{gmslaprov|Loan}}, a {{gmslaprov|Lender}} must allow at least a standard settlement cycle to get the securities back. Which stands to reason, if you think about it. A Borrower who terminates the loan can send them back immediately - it being harder (but in my experience not impossible) to take ''yourself'' by surprise. | [[8.1 - GMSLA Provision|Well]], not strictly speaking a {{gmsla}} provision — more a textual reference, in clauses {{gmslaprov|8.1}} the “{{gmslaprov|standard settlement time}}” is not defined in the {{gmsla}} but worth mentioning that, having recalled a {{gmslaprov|Loan}}, a {{gmslaprov|Lender}} must allow at least a standard settlement cycle to get the securities back. Which stands to reason, if you think about it. A Borrower who terminates the loan can send them back immediately - it being harder (but in my experience not impossible) to take ''yourself'' by surprise. | ||
Latest revision as of 09:19, 30 March 2022
Well, not strictly speaking a 2010 GMSLA provision — more a textual reference, in clauses 8.1 the “standard settlement time” is not defined in the 2010 GMSLA but worth mentioning that, having recalled a Loan, a Lender must allow at least a standard settlement cycle to get the securities back. Which stands to reason, if you think about it. A Borrower who terminates the loan can send them back immediately - it being harder (but in my experience not impossible) to take yourself by surprise.