Failure to Deliver - GMSLA Provision: Difference between revisions
Amwelladmin (talk | contribs) |
Amwelladmin (talk | contribs) |
||
| Line 3: | Line 3: | ||
{{gmslasnap|9}} | {{gmslasnap|9}} | ||
====Commentary==== | ====Commentary==== | ||
This is the fabled mini close-out provision of the {{gmsla}}. | This is the fabled '''{{gmslaprov|mini close-out}}''' provision of the {{gmsla}}. This is particularly handy when it comes to closing out a non-netting counterparty. For more information see {{gmslaprov|mini close-out}}. | ||
====Related Provisions==== | ====Related Provisions==== | ||
Revision as of 13:26, 5 December 2013
- 9.1 Borrower’s failure to deliver Equivalent Securities
- 9.2 Lender’s failure to deliver Equivalent Collateral
- 9.3 Failure by either Party to deliver
Commentary
This is the fabled mini close-out provision of the 2010 GMSLA. This is particularly handy when it comes to closing out a non-netting counterparty. For more information see mini close-out.
Related Provisions
update to anat|gmsla
|
Navigation 2018 Pledge GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · 28 · Schedule · Agency Annex Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA |
2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting
Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers