1995 Overseas Securities Lender’s Agreement: Difference between revisions

Revision as of 17:36, 27 November 2019

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-The {{osla}} is the predecessor to the {{gmsla}}. It is not widely used these days, though there are still versions kicking around and we do need to know about it. There is a sketchy [[OSLA Anatomy]] and a version of the Agreement itself can be perused [[Media:1995 OSLA.docx|here]], but unless you are looking at an existing agreement that can’t be changed, your much better bet is to look at the {{gmsla}}, and study the [[GMSLA Anatomy|anatomy]] of that document.
+#redirect[[OSLA Anatomy]]
-===Interesting features===
-*'''{{oslaprov|Voting rights}}''': Unlike the {{gmsla}}, the {{osla}} contains a “[[best efforts]]” obligation to vote securities at the direction of the person who posted them to you. This is ''somewhat'' challenging given the [[title transfer]] nature of the agreement, but there you have it: the OSLA is a product of a more innocent age. For more in formation see {{oslaprov|4(B)(vi)}} ({{oslaprov|voting rights}})
-{{oslaanatomy}}