OSLA Anatomy

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OSLA Anatomy™
2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting

Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers

Navigation
2010 GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · Schedule · Agency Annex · Addendum for Pooled Principal Agency Loans

2018 Pledge GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · 28 · Schedule · Agency Annex

Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA

Index: Click to expand:
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1995 OSLA 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

2 Loans of Securities
3 Delivery of Securities
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)

5 Rates
6 Collateral
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

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

9 Taxation
10 Lender’s Warranties
11 Borrower’s Warranties
12 Events of Default
13 Outstanding Payments
14 Transactions Entered Into As Agent
15 Termination of Course of Dealings by Notice
16 Governing Practices
17 Observance of Procedures
18 Severance
19 Specific Performance
20 Notices
21 Assignment
22 Non-Waiver
23 Arbitration and Jurisdiction
24 Time
25 Recording
26 Governing Law