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Borrower’s failure to deliver Equivalent Securities - GMSLA Provision: Difference between revisions
Borrower’s failure to deliver Equivalent Securities - GMSLA Provision (view source)
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The same goes for the failure to return {{gmslaprov|Equivalent}} (non-cash) {{gmslaprov|Collateral}} under Paragraph {{gmslaprov|9.2}}. The {{gmslaprov|Lender}} has a self-help mechanism it can use to close out its market risk: a {{gmslaprov|buy-in}}. | The same goes for the failure to return {{gmslaprov|Equivalent}} (non-cash) {{gmslaprov|Collateral}} under Paragraph {{gmslaprov|9.2}}. The {{gmslaprov|Lender}} has a self-help mechanism it can use to close out its market risk: a {{gmslaprov|buy-in}}. | ||
===What is a failure to pay or deliver then?=== | |||
{{Failure to pay under GMSLA}} | {{Failure to pay under GMSLA}} | ||
{{sa}} | |||
*{{gmslaprov|Mini close-out}} | |||
*{{gmslaprov|Failure to pay}} under the {{gmsla}} | |||
{{ref}} | |||