Applicability - GMSLA Provision: Difference between revisions

Applicability - GMSLA Provision (view source)

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 {{gmslaanat|1}}
-Note the "theory" of the trade here, notwithstanding the term “{{gmslaprov|Loan}}”: Like a [[Repo]] a [[GMSLA]] {{gmslaprov|Loan}} works as simultaneous agreements to exchange {{gmslaprov|Securities}} and {{gmslaprov|Collateral}} by '''outright [[title transfer]]'''.
+Note the “theory” of the trade here, notwithstanding the term “{{gmslaprov|Loan}}”: Like a [[Repo]] a [[GMSLA]] {{gmslaprov|Loan}} works as simultaneous agreements to exchange {{gmslaprov|Securities}} and {{gmslaprov|Collateral}} by '''outright [[title transfer]]'''.
 *'''At inception''': [[Title transfer]] by {{gmslaprov|Lender}} to {{gmslaprov|Borrower}} of securities against the [[title transfer]] by {{gmslaprov|Borrower}} to {{gmslaprov|Lender}} of {{gmslaprov|Collateral}};