Failure to Deliver - GMSLA Provision: Difference between revisions

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{{gmslasnap|9}}
{{gmslasnap|9}}
====Commentary====
====Commentary====
This is the fabled mini close-out provision of the {{gmsla}}.
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}}.


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

Revision as of 13:26, 5 December 2013

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. This is particularly handy when it comes to closing out a non-netting counterparty. For more information see mini close-out.

Related Provisions

update to anat|gmsla

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 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