Template:M comp disc GMSLA 5

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