82,853
edits
Amwelladmin (talk | contribs) (Created page with "{{subst:gmrap|10(a)(i)}}") |
Amwelladmin (talk | contribs) No edit summary |
||
(7 intermediate revisions by the same user not shown) | |||
Line 1: | Line 1: | ||
{{ | {{gmraanat|10(a)(i)}} | ||
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 | |||
*{{isdaprov|Failure to Pay or Deliver}} under the {{isdama}} | |||
*{{gmslaprov|Failure to Pay or Deliver}} under the {{gmsla}} | |||
{{ |