Base Currency - GMSLA Provision
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2010 Global Master Securities Lending Agreement
Section Base Currency in a Nutshell™ Use at your own risk, campers!
Full text of Section Base Currency Related agreements and comparisons
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Content and comparisons
Summary
You need a Base Currency to:
- Calculate prices, sums or values needed to margin your portfolio (e.g. to arrive at a Market Value and Required Collateral Value) for assets not in the Base Currency (Clause 2.4)
- Convert otherwise-denominated sums into the Base Currency when closing out (Clause 11.2)