Template:M summ GMSLA 5.7: Difference between revisions
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[[5.7 - GMSLA Provision|This]] is a key provision in terms of the | [[5.7 - GMSLA Provision|This]] is a key provision in terms of the [[GMSLA]] [[Netting]] analysis because it provides a means for ascertaining the particular collateral that is attributable to a given {{gmslaprov|Loan}}, which means that, should you decide to voluntarily terminate all {{gmslaprov|Loans}} as a prelude to a [[close-out netting|close out]], there is certainty as to what Collateral attaches to what loan, and you can therefore determine the [[Default Market Value]] and so on. | ||
Latest revision as of 13:30, 14 August 2024
This is a key provision in terms of the GMSLA Netting analysis because it provides a means for ascertaining the particular collateral that is attributable to a given Loan, which means that, should you decide to voluntarily terminate all Loans as a prelude to a close out, there is certainty as to what Collateral attaches to what loan, and you can therefore determine the Default Market Value and so on.