Requirements to deliver excess Collateral - GMSLA Provision

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Sections 5.6 and 5.7 need to be read together (and also see GMSLA Netting)

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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.

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See Also

update to anat|gmsla

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1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
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