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OSLA Anatomy™
In a Nutshell™ Clause Borrowing Request:
Borrowing Request means a request by the Borrower to the Lender under Clause 2(A) specifying the type and amount of Securities required, the proposed Settlement Date and duration of the loan, and how settlement of the Securities is to be made;
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1995 OSLA full text of Clause Borrowing Request:
Borrowing Request means a request made (by telephone or otherwise) by the Borrower to the Lender pursuant to Clause 2(A) specifying the description, title and amount of the Securities required by the Borrower, the proposed Settlement Date and duration of such loan and the date, time, mode and place of delivery which shall, where relevant, include the bank agent clearing or settlement system and account to which delivery of the Securities is to be made;
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