Failure to Deliver - GMSLA Provision: Difference between revisions

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{{gmslasnap|9}}
{{gmslasnap|9}}
====Commentary====
====Commentary====
This is the fabled '''{{gmslaprov|mini close-out}}''' provision of the {{gmsla}}. This is particularly handy when it comes to closing out a non-netting counterparty. For more information see {{gmslaprov|mini close-out}}.
This is the fabled '''{{gmslaprov|mini close-out}}''' provision of the {{gmsla}}.


====Related Provisions====
====Related Provisions====

Revision as of 16:35, 18 April 2016

9. Failure to Deliver

9.1 Borrower’s failure to deliver Equivalent Securities
9.2 Lender’s failure to deliver Equivalent Collateral
9.3 Failure by either Party to deliver

Template:Gmslasnap

Commentary

This is the fabled mini close-out provision of the 2010 GMSLA.

Related Provisions

update to anat|gmsla

Navigation
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Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA

Index: Click to expand:

2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting
Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers