Delivery of Collateral on commencement of Loan - GMSLA Provision

From The Jolly Contrarian
Jump to navigation Jump to search
GMSLA Anatomy


In a Nutshell Clause 5.1:

5.1 Delivery of Collateral on commencement of Loan
Borrower must deliver Collateral to Lender simultaneously with Delivery of the Securities to which the Loan relates, by Close of Business on the Settlement Date.
view template

2010 GMSLA full text of Clause 5.1:

5.1 Delivery of Collateral on commencement of Loan
Subject to the other provisions of this paragraph 5, Borrower undertakes to deliver to or deposit with Lender (or in accordance with Lender’s instructions) Collateral simultaneously with Delivery of the Securities to which the Loan relates and in any event no later than Close of Business on the Settlement Date.
view template


2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code
Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: Full wikitext · Nutshell wikitext | GMSLA Netting
Let me Google that for you: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers

Navigation
2010 GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · Schedule · Agency Annex · Addendum for Pooled Principal Agency Loans
2018 Pledge GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · 28 · Schedule · Agency Annex
Stock Loan owner’s manuals: GMSLA · Pledge GMSLA · OSLA

Index — Click the ᐅ to expand:
GMSLA

Get in touch
Comments? Questions? Suggestions? Requests? Sign up for our newsletter? Questions? We’d love to hear from you.
BREAKING: Get the new weekly newsletter here Old editions here


Commentary

For more about how one values the amount of collateral required under any Loan, eager readers are directed to the provision in Para 5.4 and the concept of Required Collateral Value. Note that the definition set out in Para 5.4 applies whether you calculate collateral on an aggregated basis (under 5.4) or on a Loan-by-Loan basis under Para 5.5.