GMSLA Anatomy: Difference between revisions
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Revision as of 09:59, 4 December 2014
This is the anatomy for the 2010 GMSLA. For the anatomy for the 2000 GMSLA see 2000 GMSLA Anatomy.
update to anat|gmsla
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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
1. Applicability
2. Interpretation
- 2.1 Definitions
- Act of Insolvency
- Agency Annex
- Alternative Collateral
- Applicable Law
- Automatic Early Termination
- Base Currency
- Business Day
- Buy In
- Cash Collateral
- Close of Business
- Collateral
- Defaulting Party
- Delivery
- Designated Office
- Equivalent or equivalent to
- Income
- Income Record Date
- Letter of Credit
- Loaned Securities
- Margin
- Market Value
- Nominee
- Non Cash Collateral
- Non Defaulting Party
- Notification Time
- Parties
- Posted Collateral
- Reference Dealers
- Required Collateral Value
- Sales Tax
- Settlement Date
- Stamp Tax
- Tax
- Act of Insolvency
- 2.2 Headings
- 2.3 Market terminology
- 2.4 Currency conversions
- 2.5
- 2.6 Modifications etc. to legislation
3. Loans of Securities
4.1 Delivery
- 4.1 Delivery of Securities on commencement of Loan
- 4.2 Requirements to effect Delivery
- 4.3 Deliveries to be simultaneous unless otherwise agreed
- 4.4 Deliveries of Income
- 5.1 Delivery of Collateral on commencement of a Loan
- 5.2 Deliveries through securities settlement systems generating automatic payments
- 5.3 Substitutions of Collateral
- 5.4 Marking to Market of Collateral during the currency of a Loan on aggregated basis
- 5.5 Marking to Market of Collateral during the currency of a Loan on a Loan by Loan basis
- 5.6 Requirements to deliver excess Collateral
- 5.7 (Attribution of Collateral to Loans)
- 5.8 Timing of repayments of excess Collateral or deliveries of further Collateral
- 5.9 Substitutions and extensions of Letters of Credit
6. Distributions and Corporate Actions
- 6.1 Income Received
- 6.2 Manufactured payments in respect of Loaned Securities
- 6.3 Manufactured payments in respect of Non-Cash Collateral
- 6.4 Indemnity for failure to redeliver Equivalent Non-Cash Collateral
- 6.5 Income in the form of Securities
- 6.6 Exercise of voting rights
- 6.7 Corporate actions
7. Rates applicable to Loaned Securities and Cash Collateral
8. Delivery of Equivalent Securities
- 8.1. Lender’s right to terminate a Loan
- 8.2. Borrower’s right to terminate a Loan
- 8.3. Delivery of Equivalent Securities on termination of a Loan
- 8.4. Delivery of Equivalent Collateral on termination of a Loan
- 8.5. Delivery of Letters of Credit
- 8.6. Delivery obligations to be reciprocal
- 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
- 10.1 List of Events of Default
- 10.2 Notification of Events of Default
- 10.3 Complete statement of remedies
- 10.4 No consequential loss
11. Consequences of an Event of Default
- 11.1 Application of 11.2 to 11.7 following Event of Default
- 11.2 Delivery and payment obligations following Event of Default
- 11.3 Definition of Default Market Value
- 11.4 Determination of Default Market Value
- 11.5 Net Value determination where unable to sell Securities
- 11.6 Where Non-Defaulting Party has not determined Default Market Value
- 11.7 Other costs, expenses and interest payable in consequence of an Event of Default
- 11.8 Set-off
12. Taxes
13. Lender’s Warranties
14. Borrower’s Warranties
15. Interest on Outstanding Payments
16. Termination of this Agreement (2010) and Transactions Entered Into As Agent (2000)
17. Single Agreement
18. Severance
19. Specific Performance
20. Notices
21. Assignment
22. Non Waiver
23. Governing Law and Jurisdiction
24. Time
25. Recording
26. Waiver of Immunity
27. Miscellaneous
- 27.1 - Entire agreement
- 27.2 - Warranty as to text
- 27.3 - Amendments
- 27.4 - Existing Loans
- 27.5 - Automation
- 27.6 - Survival on termination of obligations
- 27.7 - Survival on termination of warranties
- 27.8 - Rights cumulative
- 27.9 - Counterparts
- 27.10 - Contracts (Rights of Third Parties) Act 1999
Schedule
Agency Annex
Addendum for Pooled Principal Agency Loans
2010 UK Addendum
EU Short Selling Notices
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