Schedule 1 - GMSLA Provision

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GMSLA Anatomy™


In a Nutshell Clause Schedule 1:

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2010 GMSLA full text of Clause Schedule 1:

Schedule 1. Collateral
Schedule 1.1. The securities, financial instruments and deposits of currency set out in the table below with a cross marked next to them are acceptable forms of Collateral under this Agreement.
Schedule 1.2 Unless otherwise agreed between the Parties, the Market Value of the Collateral delivered pursuant to paragraph 5 by Borrower to Lender under the terms and conditions of this Agreement shall on each Business Day represent not less than the Market Value of the Loaned Securities together with the percentage contained in the row of the table below corresponding to the particular form of Collateral, referred to in this Agreement as the Margin.

Security/Financial Instrument/ Deposit of Currency Mark “X” if acceptable form of Collateral Margin (%)
[SPECIFY] [SPECIFY] [SPECIFY]

Schedule 1.3 Basis of Margin Maintenance:

  • Paragraph 5.4 (aggregation) shall not apply*
  • Paragraph 5.4 (aggregation) applies unless the box is ticked.

Schedule 1.4 Paragraph 5.6 (netting of obligations to deliver Collateral and redeliver Equivalent Collateral) shall not apply* [ ]

Paragraph 5.6 (netting) applies unless the box is ticked

Schedule 1.5 For the purposes of Paragraph 5.8, Notification Time means by [ ], London time.
Schedule 1.6 Paragraph 6.4 (indemnity for failure to redeliver Equivalent Non-Cash Collateral) shall not apply [ ]

Paragraph 6.4 (indemnity for failure to redeliver Equivalent Non-Cash Collateral) applies unless the box is ticked.

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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

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2018 Pledge GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · 28 · Schedule · Agency Annex

Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA

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