Template:M summ GMSLA Agreement

The prevailing market standard English law stock lending master agreement. Compare with the Master Securities Lending Agreement.

How do you say it? However you like, basically. The GMSLA is an agreement once drafted by a magic circle law firm but whose carriage nowadays is almost exclusively handled by inhouse lawyers and negotiators, to the point where seeking external advice on what a given provision means is a bad idea, because private practice lawyers will have far less of a clue — having likely never looked at a 2010 GMSLA than will their inhouse clients who ask the question. This won’t stop them asking, of course.