| 2010 GMSLA
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2000 GMSLA
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2018 Pledge GMSLA
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1995 OSLA
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Preamble
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Preamble
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Preamble
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Preamble
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1. Applicability
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1. Applicability
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1. Applicability
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1 Interpretation
- Act of Insolvency
- Agent
- Alternative Collateral
- Appropriate Tax Vouchers
- Approved UK Collecting Agent
- Approved Intermediary
- Assured Payment
- Assured Payment Agreement
- Base Currency
- Bid Price
- Bid Value
- Borrower
- Borrowing Request
- Business Day
- Cash Collateral
- Central Gilts Office
- CGO
- CGO Collateral
- CGO Rules
- Close of Business
- Collateral
- Defaulting Party
- Equivalent Collateral
- Collateral equivalent to
- Equivalent Securities
- Event of Default
- Income
- Income Payment Date
- Lender
- Manufactured Dividend
- Margin
- Nominee
- Non-Defaulting Party
- Offer Price
- Offer Value
- Parties
- Performance Date
- Principal
- Reference Price
- Relevant Payment Date
- Rules
- Securities
- Settlement Bank
- Settlement Date
- Stock Exchange
- Value
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2. Interpretation
- 2.1 Definitions
- Act of Insolvency
- Agency Annex
- Alternative Collateral
- Applicable Law
- Automatic Early Termination
- Base Currency
- Business Day
- Buy In
- Cash Collateral
- Close of Business
- Collateral
- Defaulting Party
- Delivery
- Designated Office
- Equivalent or equivalent to
- Income
- Income Record Date
- Letter of Credit
- Loaned Securities
- Margin
- Market Value
- Nominee
- Non Cash Collateral
- Non Defaulting Party
- Notification Time
- Parties
- Posted Collateral
- Reference Dealers
- Required Collateral Value
- Sales Tax
- Settlement Date
- Stamp Tax
- Tax
- 2.2 Headings
- 2.3 Market terminology
- 2.4 Currency conversions
- 2.5
- 2.6 Modifications etc. to legislation
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2. Interpretation
- 2.1 Definitions
- Act of Insolvency
- Alternative Collateral
- Base Currency
- Business Day
- Cash Collateral
- Close of Business
- Collateral
- Defaulting Party
- Designated Office
- Equivalent or equivalent to
- Income
- Income Payment Date
- Letter of Credit
- Loaned Securities
- Margin
- Market Value
- Nominee
- Non-Defaulting Party
- Parties
- Posted Collateral
- Required Collateral Value
- Settlement Date
- 2.2 Headings
- 2.3 Market terminology
- 2.4 Currency conversions
- 2.5 More about currency conversions
- 2.6 Modifications etc to legislation
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2. Interpretation
- 2.1 Definitions
- Act of Insolvency
- Applicable Law
- Base Currency
- Business Day
- Buy In
- Cash
- Cash Collateral
- Close of Business
- Collateral
- Control Agreement
- Custodian
- Defaulting Party
- Delivery
- Designated Office
- Equivalent or equivalent to
- Income
- Income Record Date
- Letter of Credit
- Loaned Securities
- Margin
- Market Value
- Nominee
- Non Defaulting Party
- Notification Time
- Parties
- Posted Collateral
- Reference Dealers
- Required Collateral Value
- Sales Tax
- Secured Account
- Security Agreement
- Settlement Date
- Stamp Tax
- Tax
- Template:Pgmslaprovv
- 2.2 Headings
- 2.3 Market terminology
- 2.4 Currency conversions
- 2.5
- 2.6 Modifications etc. to legislation
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2. Loans of Securities
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3. Loans of Securities
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3. Loans of Securities
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3. Loans of Securities
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3. Delivery of Securities
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4.1 Delivery
- 4.1 Delivery of Securities on commencement of Loan
- 4.2 Requirements to effect Delivery
- 4.3 Deliveries to be simultaneous unless otherwise agreed
- 4.4 Deliveries of Income
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4.1 Delivery
- 4.1 Delivery of Securities on commencement of Loan
- 4.2 Requirements to effect Delivery
- 4.3 Deliveries to be simultaneous unless otherwise agreed
- 4.4 Deliveries of Income
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4. Delivery
- 4.1. Delivery of Securities on commencement of Loan
- 4.2. Requirements to effect Delivery
- 4.3. Deliveries of Income
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4. Rights and title
a(A) (Documents of title)
4(B) (Income)
- 4(B)(i) (Income Payment Dates)
- 4(B)(ii) (Manufactured Dividends)
- 4(B)(iii) (Tax deductions on Manufactured Dividends)
- 4(B)(iv) (Payment through an Approved UK Intermediary or Approved UK Collecting Agent)
- 4(B)(v) (Interest)
- 4(B)(vi) (Voting rights)
- 4(B)(vii) (Conversion rights, etc.)
- 4(B)(viii) (Payments under this Clause)
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5. Collateral
- 5.1 Delivery of Collateral on commencement of a Loan
- 5.2 Deliveries through securities settlement systems generating automatic payments
- 5.3 Substitutions of Collateral
- 5.4 Marking to Market of Collateral during the currency of a Loan on aggregated basis
- 5.5 Marking to Market of Collateral during the currency of a Loan on a Loan by Loan basis
- 5.6 Requirements to deliver excess Collateral
- 5.7 (Attribution of Collateral to Loans)
- 5.8 Timing of repayments of excess Collateral or deliveries of further Collateral
- 5.9 Substitutions and extensions of Letters of Credit
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5. Collateral
- 5.1 Delivery of Collateral on commencement of a Loan
- 5.2 Deliveries through securities settlement systems generating automatic payments
- 5.3 Substitutions of Collateral
- 5.4 Marking to Market of Collateral during the currency of a Loan on aggregated basis
- 5.5 Marking to Market of Collateral during the currency of a Loan on a Loan by Loan basis
- 5.6 Requirements to redeliver excess Collateral
- 5.7 (Attribution of Collateral to Loans)
- 5.8 Timing of repayments of excess Collateral or deliveries of further Collateral
- 5.9 Substitutions and extensions of Letters of Credit
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5. Collateral
- 5.1 Delivery of Collateral on commencement of a Loan
- 5.2 Deliveries through securities settlement systems generating automatic payments
- 5.3 Marking to Market of Collateral during the currency of a Loan
- 5.4 Instructions relating to the Required Collateral Value and responsibility for the Custodian
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5. Rates
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6. Distributions and Corporate Actions
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6. Distributions and Corporate Actions
- 6.1 Manufactured Payments
- 6.2 Income in the form of Securities
- 6.3 Exercise of voting rights
- 6.4 Corporate actions
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6. Distributions and Corporate Actions
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6. Collateral
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7. Rates applicable to Loaned Securities and Cash Collateral
- 7.1 Rates in respect of Loaned Securities
- 7.2 Rates in respect of Cash Collateral
- 7.3 Payment of rates
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7. Rates Applicable to Loaned Securities and Cash Collateral
- 7.1 Rates in respect of Loaned Securities
- 7.2 Rates in respect of Cash Collateral
- 7.3 Payment of rates
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7. Rates Applicable to Loaned Securities
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7. Redelivery of Equivalent Securities
- 7(A) Borrower’s undertaking to redeliver Equivalent Securities
- 7(B) Lender’s right to call for redelivery of Equivalent Securities
- 7(C) Lender’s election where Borrower does not return Equivalent Securities
- 7(D) Borrower to pay reasonable costs of any Buy-in
- 7(E) Borrower’s right to terminate loans
- 7(F) Redelivery of Talisman certificates
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8. Delivery of Equivalent Securities
- 8.1. Lender’s right to terminate a Loan
- 8.2. Borrower’s right to terminate a Loan
- 8.3. Delivery of Equivalent Securities on termination of a Loan
- 8.4. Delivery of Equivalent Collateral on termination of a Loan
- 8.5. Delivery of Letters of Credit
- 8.6. Delivery obligations to be reciprocal
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8. Redelivery of Equivalent Securities
- 8.1. Delivery of Equivalent Securities on termination of a Loan
- 8.2. Lender’s right to terminate a Loan
- 8.3. Borrower’s right to terminate a Loan
- 8.4. Redelivery of Equivalent Collateral on termination of a Loan
- 8.5. Redelivery of Letters of Credit
- 8.6. Redelivery obligations to be reciprocal
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8. Delivery of Equivalent Securities
- 8.1. Lender’s right to terminate a Loan
- 8.2. Borrower’s right to terminate a Loan
- 8.3. Non-Defaulting Party’s right to terminate all Loans
- 8.4. Delivery of Equivalent Securities on termination of a Loan
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8 Set-off etc.
- 8(A) Redelivery on the Performance Date
- 8(B) Acceleration on Event of Default
- 8(C) Relevant Value
- 8(D) Bid Value and Offer Value
- 8(E) Buy Ins
- 8(F) Non Cash Securities as Collateral
- 8(G) Event of Default on failure to redeliver
- 8(H) Waiver in case of practical difficulties redelivering
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9. Failure to Deliver
- 9.1 Borrower’s failure to deliver Equivalent Securities
- 9.2 Lender’s failure to deliver Equivalent Collateral
- 9.3 Failure by either Party to deliver
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9. Failure to redeliver
- 9.1 Borrower’s failure to redeliver Equivalent Securities
- 9.2 Lender’s failure to redeliver Equivalent Collateral
- 9.3 Failure by either Party to redeliver
- 9.4 Exercise of buy-in on failure to redeliver
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9. Failure to Deliver
- 9.1 Borrower’s failure to deliver Equivalent Securities
- 9.2 Failure by either Party to deliver or instruct delivery
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9. Taxation
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10. Events of Default
- 10.1 List of Events of Default
- 10.1(a): Failure to pay Collateral
- 10.1(b): Unremedied failure to manufacture payments
- 10.1(c): Failure to pay or deliver
- 10.1(d): Insolvency
- 10.1(e): Breach of warranty
- 10.1(f): Repudiation
- 10.1(g): Seizure of assets
- 10.1(h): Suspension from exchange
- 10.1(i): Unremedied failure to perform
- 10.2 Notification of Events of Default
- 10.3 Complete statement of remedies
- 10.4 No consequential loss
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10. Set-off etc.
- 10.1 Definitions for paragraph 10
- Bid Price
- Bid Value
- Offer Price
- Offer Value
- 10.2 Termination of delivery obligations upon Event of Default
- 10.3 Determination of delivery values upon Event of Default
- 10.4 Default Valuation Time
- 10.5 Buy-ins
- 10.6 Meaning of securities
- 10.7 Other costs, expenses and interest payable in consequence of an Event of Default
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10. Events of Default
- 10.1 List of Events of Default
- 10.1(a): Failure to pay Collateral
- 10.1(b): Unremedied failure to manufacture payments
- 10.1(c): Failure to pay or deliver
- 10.1(d): Insolvency
- 10.1(e): Breach of warranty
- 10.1(f): Repudiation
- 10.1(g): Seizure of assets
- 10.1(h): Suspension from exchange
- 10.1(i): Unremedied failure to perform
- 10.1(j): Default under Security Agreement
- 10.2 Notification of Events of Default
- 10.3 No consequential loss
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10. Lender’s Warranties
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11. Consequences of an Event of Default
- 11.1 Application of 11.2 to 11.7 following Event of Default
- 11.2 Delivery and payment obligations following Event of Default
- 11.3 Definition of Default Market Value
- 11.4 Determination of Default Market Value
- 11.5 Net Value determination where unable to sell Securities
- 11.6 Where Non-Defaulting Party has not determined Default Market Value
- 11.7 Other costs, expenses and interest payable in consequence of an Event of Default
- 11.8 Set-off
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11. Transfer taxes
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11. Consequences of an Event of Default
- 11.1 Application of 11.2 to 11.8 following Event of Default
- 11.2 Delivery and payment obligations following Event of Default
- 11.3 Definition of Default Market Value
- 11.4 Determination of Default Market Value
- 11.5 Net Value determination where unable to sell Securities
- 11.6 Where Non-Defaulting Party has not determined Default Market Value
- 11.7 Other costs, expenses and interest payable in consequence of an Event of Default
- 11.8 Set-off
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11. Borrower’s Warranties
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12. Taxes
- 12.1. Withholding, gross up and provision of information
- 12.2. Deduction
- 12.3. Cooperation
- 12.4. Stamp Tax
- 12.5. Tax indemnity
- 12.6. Sales Tax
- 12.7. Retrospective changes in law
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12. Lender’s warranties
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12. Taxes
- 12.1. Withholding, gross up and provision of information
- 12.2. Deduction
- 12.3. Cooperation
- 12.4. Stamp Tax
- 12.5. Tax indemnity
- 12.6. Sales Tax
- 12.7. Retrospective changes in law
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12. Events of Default
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13. Lender’s Warranties
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13. Borrower’s warranties
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13. Lender’s Warranties
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13. Outstanding Payments
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14. Borrower’s Warranties
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14. Events of Default
- 14.1 List of Events of Default
- 14.1(i): Failure to pay Collateral
- 14.1(ii): Failure to meet Collateral obligations
- 14.1(iii): Failure manufacture Income
- 14.1(iv): Failure to redeliver Securities
- 14.1(v): Insolvency
- 14.1(vi): Breach or representation or warranty
- 14.1(vii): Repudiation
- 14.1(viii): Suspension from exchange
- 14.1(ix): Suspension from exchange
- 14.1(x): Action by regulatory authority
- 14.2 Notification of Events of Default
- 14.3 Complete statement of remedies
- 14.4 No consequential loss
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14. Borrower’s Warranties
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14. Transactions Entered into as Agent
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15. Interest on Outstanding Payments
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Template:2000 GMSLA Section 15 TOC
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15. Interest on Outstanding Payments
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15. Termination of Course of Dealings by Notice
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16. Termination of this Agreement
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Template:2000 GMSLA Section 16 TOC
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16. Termination of this Agreement
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16. Governing Practices
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17. Single Agreement
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Template:2000 GMSLA Section 17 TOC
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17. Single Agreement
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17. Observance of Procedures
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18. Severance
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Template:2000 GMSLA Section 18 TOC
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18. Severance
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18. Severance
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19. Specific Performance
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Template:2000 GMSLA Section 19 TOC
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19. Specific Performance
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19. Specific Performance
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20. Notices
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Template:2000 GMSLA Section 20 TOC
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20. Notices
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20. Notices
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21. Assignment
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Template:2000 GMSLA Section 21 TOC
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21. Assignment
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21. Assignment
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22. Non Waiver
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Template:2000 GMSLA Section 22 TOC
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22. Non-Waiver
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22. Non-Waiver
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23. Governing Law and Jurisdiction
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Template:2000 GMSLA Section 23 TOC
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23. Governing Law and Jurisdiction
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23. Arbitration and Jurisdiction
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24. Time
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Template:2000 GMSLA Section 24 TOC
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24. Time
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24. Time
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25. Recording
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Template:2000 GMSLA Section 25 TOC
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25. Recording
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25. Recording
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26. Waiver of Immunity
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Template:2000 GMSLA Section 26 TOC
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26. Waiver of Immunity
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26. Governing Law
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27. Miscellaneous
- 27.1 - Entire agreement
- 27.2 - Warranty as to text
- 27.3 - Amendments
- 27.4 - Existing Loans
- 27.5 - Automation
- 27.6 - Survival on termination of obligations
- 27.7 - Survival on termination of warranties
- 27.8 - Rights cumulative
- 27.9 - Counterparts
- 27.10 - Contracts (Rights of Third Parties) Act 1999
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Template:2000 GMSLA Section 27 TOC
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27. Expenses
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Template:2000 GMSLA Section 28 TOC
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28. Miscellaneous
- 28.1 - Entire agreement
- 28.2 - Warranty as to text
- 28.3 - Amendments
- 28.4 - Automation
- 28.5 - Survival on termination of obligations
- 28.6 - Survival on termination of warranties
- 28.7 - Rights cumulative
- 28.8 - Counterparts
- 28.9 - Contracts (Rights of Third Parties) Act 1999
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Schedule
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Template:2000 GMSLA Section Schedule TOC
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Schedule
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Template:1995 OSLA Section Schedule TOC
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Agency Annex
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Template:2000 GMSLA Section Appendix TOC
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Agency Annex
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Template:1995 OSLA Section Appendix TOC
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