Manufactured payments in respect of Loaned Securities - GMSLA Provision
Commentary
In other words the Borrower pays what the Lender would have received net, by reference to the Lender's own situation. This means that the Lender doesn't need to worry about different rates of tax or withholding applying to the Borrower. Makes sense, really.
GMSLA in a Nutshell™ (6.2 edition)
Template:Nutshell 6.2 GMSLA
See Also
update to anat|gmsla
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