Corporate actions - Pledge GMSLA Provision
2018 Global Master Securities Lending Agreement (Pledge Version)
Clause 6.4 in a Nutshell™ Use at your own risk, campers!
Full text of Clause 6.4
Related agreements and comparisons
|
Content and comparisons
2010 GMSLA version concerns corporate actions on Loaned Securities and Collateral, whereas the 2018 Pledge GMSLA only talks about Loaned Securities for the very good reason that a pledgor does not transfer title to Collateral in the first place, so can still participate in corporate events on Collateral it has posted, by itself.