82,853
edits
Failure to pay - GMRA Provision: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| (3 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
{{gmraanat|10(a)(i)}} | {{gmraanat|10(a)(i)}} | ||
This is more or less the equivalent of a | This is more or less the equivalent of a “[[failure to pay]]” [[event of default]] under the {{tag|GMRA}}. Note it concerns only the cash payment side of each leg, not the delivery of Securities being bought or sold, for the same reasons as a failure to settle a stock loan is not of itself an Event of Default: settlement failures are a feature of the market, and are not intrinsically credit-related, as cash payment failures tend to be. | ||
{{ | {{sa}} | ||
*[[Failure to pay]] generally | *[[Failure to pay]] generally | ||
*{{isdaprov|Failure to Pay or Deliver}} under the {{isdama}} | *{{isdaprov|Failure to Pay or Deliver}} under the {{isdama}} | ||
*{{gmslaprov|Failure to Pay}} under the {{gmsla}} | *{{gmslaprov|Failure to Pay or Deliver}} under the {{gmsla}} | ||