Buy-In - GMSLA Provision

Commentary

A buy in is the self-help process whereby a counterparty can settle a failing delivery itself, and charge it back to the failing counterparty. You really want to go and have a look at clauses 9.3 and 11.4 of the 2010 GMSLA to understand the buy in process. All the information is there.

1. redirectGmsla deliverable and receivable securities capsule

Relates to

• 2010 GMSLA Clause 9.3: Failure by either Party to deliver
• 2010 GMSLA Clause 11.4: Determination of Default Market Value.

See Also

update to anat|gmsla

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Index: Click ᐅ to expand:

GMSLA

Pledge GMSLA

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