1995 Overseas Securities Lender’s Agreement: Difference between revisions

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 kickiung 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.
+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.
+===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}}