1995 Overseas Securities Lender’s Agreement
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| Docs | Vague, arcane, outdated and no netting airbags. | 4 |
| Amendability | Bilateral, so yes, in theory — but more likely to tip out and sign up a fresh GMSLA. | 2 |
| Collateral | Yes. Could be stocks, bonds — anything. | 1 |
| Transferability | bilateral. Homey don’t ride that bus. | 0 |
| Leverage | Fully cash collateralised, but a bonus point for the contra-flow collateral haircut. The lender net borrows from the borrower. Nice. | 1 |
| Fright-o-meter | Generally sleepy “pluming of the financial, system” material, but shortsville, generally anachronistic and no netting, so GameStop freakout territory. | 5 |