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{{gmslasnap|5.7}} | {{gmslasnap|5.7}} | ||
====Commentary==== | ====Commentary==== | ||
{{nuts|GMSLA|5.7}} | |||
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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. | 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. |