Attribution of Collateral to Loans - GMSLA Provision: Difference between revisions

Attribution of Collateral to Loans - GMSLA Provision (view source)

525 bytes removed , 25 February 2022

Replaced content with "{{Manual|MSG|2010|5.7|Clause|NA|short}}"

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-{{fullanat|gmsla|5.7|2010}}
+{{Manual|MSG|2010|5.7|Clause|NA|short}}
-==="Attribution of Collateral to Loans"===
-{{nuts|GMSLA|5.7}}
-This is a key provision in terms of the {{tag|GMSLA}} {{tag|Netting}} analysis because it provides a means for ascertaining the particular collateral that is attributable to a given {{gmslaprov|Loan}}, which means that, should you decide to voluntarily terminate all {{gmslaprov|Loans}} as a prelude to a [[close-out netting|close out]], there is certainty as to what Collateral attaches to what loan, and you can therefore determine the [[Default Market Value]] and so on.