Delivery of Collateral on commencement of Loan - GMSLA Provision

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.

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