Lender - Pledge GMSLA Provision

2018 Global Master Securities Lending Agreement (Pledge Version) A Jolly Contrarian owner’s manual™ Resources and navigation 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 Loan owner’s manuals: 2010 GMSLA · 2000 GMSLA · Pledge GMSLA · OSLA Index: Click ᐅ to expand: GMSLA Pledge GMSLA Clause Lender in a Nutshell™ Use at your own risk, campers! The Lender is the person specified in the Agreement as “Lender”. view template Full text of Clause Lender [SPECIFY] (Lender) a company incorporated under the laws of [SPECIFY] acting through one or more Designated Offices; and view template Related agreements and comparisons Related agreements: Click here for the same clause in the 2010 GMSLA Comparison: Template:Gmsladiff Lender Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Content and comparisons

Unlike in the 2010 GMSLA, in a 2018 Pledge GMSLA which is designed with agent lending arrangements in mind, one party (presented by an agent lender) will always be the Lender and the other (a bank desirous of upgrading the funding status of its balance sheet with higher quality assets) will always be the Borrower, so the Agreement is not entirely symmetrical — though it nearly is, since the Loans are fully collateralised, and it is heavily based on a purely bilateral agreement, and ISLA’s crack drafting squad™ we markedly disinclined to make any changes to it they didn’t have to.

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See also

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References

Lender is defined only in the Parties section of the 2018 Pledge GMSLA