Template:Nutshell GMSLA 7

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7. Rates applicable to Loaned Securities and Cash Collateral
7.1 Rates in respect of Loaned Securities: Borrower must pay to Lender, a sum determined by multiplying the agreed rate to the daily Market Value of the Loaned Securities.
7.2. Rates in respect of Cash Collateral: Where Lender holds Cash Collateral for any Loan, it must pay to Borrower, sum determined by multiplying the agreed rate to the amount of such Cash Collateral. The parties may set off amounts due under paragraphs 7.1 and 7.2.
7.3 Payment of rates: Payment amounts due under this paragraph accrue daily from (and including) the Settlement Date to (but excluding) of the Business Day on which Equivalent Securities are delivered or Cash Collateral is repaid. Accrued sums for each calendar month are payable in arrears by the tenth Business Day after the end of that calendar month.

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