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| {{gmraanat|10(f)}}Compare with Clause {{gmraprov|4(f)}}, which is the standard interest payable on the cash leg of a {{gmraprov|Transaction}}. | | {{manual|MRG|2000|10(f)|Clause|11(h)|medium}} |
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| This is ''default'' [[interest]], where things have gone Pete Tong for one party and the other has referred matters to its learned friends. In theory, this provision references the dreaded [[LIBOR]] — cue obligatory reference to the [[dramatic look gopher]] — and is thus in scope for [[LIBOR]] remediation, but in practice the question is this:
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| :''Is the world going to go any '''further''' towards hell in a hand-basket if there is confusion about the [[interest]] rate which you charge on the accrual of your legal fees?''
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| Respectfully — given that, on the theory of the game your Counterparty is already smoking ruin; thus, you are ''already'' in hell, in a hand-basket — the [[JC]] respectfully submits it will not.
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| ===[[GMSLA]] equivalent===
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| The corresponding {{gmsla}} provision (clause {{gmslaprov|11.7}}) is similar in effect, and in its potential [[LIBOR]] impact.
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| ===[[DLG]]===
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| And now: A quick [[dramatic look gopher]].
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| [[File:Dramatic Chipmunk.png|150px|frameless|center]]
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| {{sa}}
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| *Clause {{gmraprov|4(f)}} — {{gmraprov|Interest on Cash Margin}}
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| *Clause {{gmslaprov|11.7}} of the {{gmsla}}
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| *[[LIBOR]]
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