Requirements to deliver excess Collateral - GMSLA Provision
Sections 5.6 and 5.7 need to be read together (and also see GMSLA Netting)
Commentary
5.6 in a Nutshell™ (GMSLA edition)
5.6: Where Collateral values are aggregated under paragraph 5.4 and, on any day, both Parties would otherwise have to deliver Collateral to each other, the respective Market Values will be set-off and, in full settlement of both parties’ obligations, the Party having the larger delivery obligation must deliver Collateral having a Market Value equal to the difference.
See Also
update to anat|gmsla
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