From The Jolly Contrarian
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OSLA Anatomy™
Top Trumps®Financial Weapons of Mass Destruction®
OSLA
“Call that a short? That’s not a short. This is a short.”
Docs |
Vague, arcane, outdated and no netting airbags. |
4
|
Amendability |
Bilateral, so yes, in theory — but more likely to tip out and sign up a fresh GMSLA. |
2
|
Collateral |
Yes. Could be stocks, bonds — anything. |
1
|
Transferability |
bilateral. Homey don’t ride that bus. |
0
|
Leverage |
Fully cash collateralised, but a bonus point for the contra-flow collateral haircut. The lender net borrows from the borrower. Nice. |
1
|
Fright-o-meter |
Generally sleepy “pluming of the financial, system” material, but shortsville, generally anachronistic and no netting, so GameStop freakout territory. |
5
|
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