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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-{{fwmdtt|nickname=OSLA| imagetype=jpg| tagline= Call that a [[short]]? That’s not a short. ''This'' is a short.| documentation= Vague, arcane, outdated and no [[netting]] airbags.| docscore=4| amendability= Bilateral, so yes, in theory — but more likely to tip out and sign up a fresh GMSLA.|amendscore=2| collateral= Yes. Could be stocks, bonds — anything.| collateralscore =1| transferability= bilateral. Homey don’t ride that bus.| transferscore =0| leverage=Fully cash collateralised, but a bonus point for the contra-flow collateral haircut. The ''lender'' net borrows from the ''borrower''. ''Nice''.| leveragescore =1| frightometer= Generally sleepy “pluming of the financial, system” material, but shortsville, generally anachronistic and no netting, so [[GameStop]] freakout territory.| frightscore=5}}
+{{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''.”
+“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.”
+“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. ”