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2000 Global Master Repurchase Agreement
A Jolly Contrarian owner’s manual™
Resources and navigation
Paragraph Net Exposure in a Nutshell™
Use at your own risk, campers!
Full text of Paragraph Net Exposure
4(c) For the purposes of this Agreement a party has a Net Exposure in respect of the other party if the aggregate of all the first party's Transaction Exposures plus any amount payable to the first party under paragraph 5 but unpaid less the amount of any Net Margin provided to the first party exceeds the aggregate of all the other party's Transaction Exposures plus any amount payable to the other party under paragraph 5 but unpaid less the amount of any Net Margin provided to the other party; and the amount of the Net Exposure is the amount of the excess. For this purpose any amounts not denominated in the Base Currency shall be converted into the Base Currency at the Spot Rate prevailing at the relevant time.
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Related agreements and comparisons
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Related agreements: Click here for the same clause in the 1996 MRA, when we get round to finding out the first thing about it.
Comparison: Knowing and, really, caring very little about other kinds of repo agreement, we have nothing presently to compare the Global Master Repurchase Agreement with.
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Content and comparisons
Template:M comp disc GMRA Net Exposure
Summary
Template:M summ GMRA Net Exposure
General discussion
Template:M gen GMRA Net Exposure
See also
Template:M sa GMRA Net Exposure
References