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Events of Default - GMSLA Provision: Difference between revisions
Events of Default - GMSLA Provision (view source)
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{{ | {{gmslaanat|10}} | ||
{{2010 GMSLA Section 10 TOC}} | {{2010 GMSLA Section 10 TOC}} | ||
===Failures to deliver=== | ===Failures to deliver=== | ||
Why Bank does not apply an {{gmslaprov|Event of Default}} to [[stock lending]] failures to deliver | Why Bank does not apply an {{gmslaprov|Event of Default}} to [[stock lending]] failures to deliver | ||
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====Failure to deliver {{gmslaprov|Collateral}}==== | ====Failure to deliver {{gmslaprov|Collateral}}==== | ||
By contrast a failure to deliver Collateral or {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} '''is''' an {{gmslaprov|Event of Default}}. | By contrast a failure to deliver Collateral or {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} '''is''' an {{gmslaprov|Event of Default}}. | ||