Template:GMSLA 2010 6.5: Difference between revisions
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{{ | {{gmslaprov|6.5}} '''{{gmslaprov|Income in the form of Securities}}'''<br> | ||
:Where {{gmslaprov|Income}}, in the form of securities, is paid in relation to any {{gmslaprov|Loaned Securities}} or {{gmslaprov|Collateral}}, such securities shall be added to such {{gmslaprov|Loaned Securities}} or {{gmslaprov|Collateral}} (and shall constitute {{gmslaprov|Loaned Securities}} or {{gmslaprov|Collateral}}, as the case may be, and be part of the relevant {{gmslaprov|Loan}}) and will not be delivered to {{gmslaprov|Lender}}, in the case of {{gmslaprov|Loaned Securities}}, or to {{gmslaprov|Borrower}}, in the case of {{gmslaprov|Collateral}}, until the end of the relevant {{gmslaprov|Loan}}, provided that the {{gmslaprov|Lender}} or {{gmslaprov|Borrower}} (as the case may be) fulfils its obligations under paragraph {{gmslaprov|5.4}} or {{gmslaprov|5.5}} (as applicable) with respect to the additional {{gmslaprov|Loaned Securities}} or {{gmslaprov|Collateral}}, as the case may be. <br> | |||
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Revision as of 09:32, 2 July 2013
6.5 Income in the form of Securities
- Where Income, in the form of securities, is paid in relation to any Loaned Securities or Collateral, such securities shall be added to such Loaned Securities or Collateral (and shall constitute Loaned Securities or Collateral, as the case may be, and be part of the relevant Loan) and will not be delivered to Lender, in the case of Loaned Securities, or to Borrower, in the case of Collateral, until the end of the relevant Loan, provided that the Lender or Borrower (as the case may be) fulfils its obligations under paragraph 5.4 or 5.5 (as applicable) with respect to the additional Loaned Securities or Collateral, as the case may be.