Template:Nutshell GMSLA 6.7

Revision as of 17:29, 17 July 2018 by Amwelladmin (talk | contribs)

6.7 Corporate actions
Where any “corporate rights” arise under any Loaned Securities or any Collateral (“assets”) before the receiver can return equivalent ones to the provider, then the provider can, within a reasonable time before the relevant deadline, notify the receiver that it wishes to receive the assets as if the corporate rights been exercised.

Corporate rights” include any:
    • conversion, sub-division, consolidation or pre-emption rights;
    • rights arising under a takeover offer;
    • rights to receive securities now or in the future; or
    • other rights, including ones that require the holder to make an election.