Recording - GMSLA Provision

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2010 Global Master Securities Lending Agreement
A Jolly Contrarian owner’s manual

Clause 25 in a Nutshell
Use at your own risk, campers!

25. Recording
The parties may record their telephone conversations. view template

Clause 25 in full

25. Recording
The Parties agree that each may record all telephone conversations between them.
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Related agreements and comparisons

Related agreements: Click here for the same clause in the 2018 Pledge GMSLA
Comparison: Template:Gmsladiff 25

Resources and navigation

2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code
Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: Full wikitext · Nutshell wikitext | GMSLA Netting
Let me Google that for you: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers
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Stock Loan owner’s manuals: GMSLA · Pledge GMSLA · OSLA

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Content and comparisons

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Summary

Another one from the venerable tradition of things not needing saying that still routinely get said — contracts are the business of setting out:

(i) what you must do but otherwise need not;
(ii) what you must not do but otherwise could;
(iii) what you may do, but otherwise could not.

Recording your own phone conversations meets none of those categories, though what with the current fashion for paternalistic privacy legislation, recording someone else’s speech does at least import some regulatory obligations for the collection and processing of that information, and come to think of it, you might be in breach of copyright otherwise — though none more so than if you took notes — and you would have a job articulating your damages in a statement of claim.
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See also

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References