Allocation of Agency Loans - GMSLA Provision: Difference between revisions

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{{gmslaanat|Addendum 4}}
{{gmslaanat|Addendum 4}}
This bit gives the {{gmslaprov|Borrower}} the comfort that the it will find out who the {{gmslaprov|Principal}} {{gmslaprov|Lender}} even ''is'' - if it doesn't then there's a bit of a practical problem knowing who to sue if yon Lender neglects to return its collateral which, in the ordinary course, it will have over-margined with a [[haricut]] of 5 percent or so. So this is a live issue, especially if, as many institutional Borrowers do, you borrow from [[agent lender]]s in BIG SIZE.
This bit gives the {{gmslaprov|Borrower}} the comfort that the it will find out who the {{gmslaprov|Principal}} {{gmslaprov|Lender}} even ''is'' - if it doesn't then there's a bit of a practical problem knowing who to sue if yon Lender neglects to return its collateral which, in the ordinary course, it will have over-margined with a [[haircut]] of 5 percent or so. So this is a live issue, especially if, as many institutional {{gmslaprov|Borrower}}s do, you borrow from [[agent lender]]s in BIG SIZE.


===Unallocated trades===
===Unallocated trades===