1995 Overseas Securities Lender’s Agreement: Difference between revisions

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1995 Overseas Securities Lender’s Agreement (view source)

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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.
+{{a|osla|{{OSLA - FMWD}}}}
+===In literature===
+“I don’t deny it was fun. You feel like a hero, togged up in Kevlar annexures, camo-moly ALD codes, and those gleaming brass barrels on those old sweet bastard OSLAs. They don’t make stock lenders like that anymore. This modern dreck: it’s so anodyne, so commoditised, so dreadfully ''rectangular''.”
-===Interesting features===
+“Man, the old Oslers were sweet. So light. So well-balanced. So nimble. You could trade in and out in a day. So forgiving. The suspension ride settlement fails like they weren't there. So utilitarian. Nothing superfluous, nothing glamorous, just clean, market-hardened functionality. No wonder the boss loved them so.”
-*'''{{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}}
+“They found themselves in a heap, Bundie standing astride them with the OSLA, an acrid wisp trailing from its muzzle.
+“How did you do that?”
+“What just happened?”
+“You did this with that?”
+Bundie cocked his head.
+In the right hands, the Osla is a powerful weapon. It may seem to be a quaint artefact of a bygone, chivalrous era, but don’t be misled. These babies have quite a punch.”
+“That old derelict shell burst to life. A threnody in  magnesium light and crackling ozone.
+It may be old-school, but a well-calibrated and Orpington Small Loans Armoury makes a big hole — it’s easy to forget the damage they can do. ”