GMSLA Anatomy: Difference between revisions
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 2: | Line 2: | ||
{{2010 GMSLA Section 1 TOC}} {{gmslaprov|2}}. {{gmslaprov|Interpretation}} <br> | {{2010 GMSLA Section 1 TOC}} | ||
{{gmslaprov|2}}. {{gmslaprov|Interpretation}} <br> | |||
:{{gmslaprov|Designated Office}} | |||
{{gmslaprov|3}}. {{gmslaprov|Loans of Securities}} <br> | {{gmslaprov|3}}. {{gmslaprov|Loans of Securities}} <br> | ||
{{2010 GMSLA Section 4 TOC}} | {{2010 GMSLA Section 4 TOC}} | ||
Revision as of 11:09, 23 August 2013
This is the anatomy for the 2010 GMSLA. For the anatomy for the 2000 GMSLA see 2000 GMSLA Anatomy.
1. Applicability
2. Interpretation
3. Loans of Securities
4.1 Delivery
- 4.1 Delivery of Securities on commencement of Loan
- 4.2 Requirements to effect Delivery
- 4.3 Deliveries to be simultaneous unless otherwise agreed
- 4.4 Deliveries of Income
- 5.1 Delivery of Collateral on commencement of a Loan
- 5.2 Deliveries through securities settlement systems generating automatic payments
- 5.3 Substitutions of Collateral
- 5.4 Marking to Market of Collateral during the currency of a Loan on aggregated basis
- 5.5 Marking to Market of Collateral during the currency of a Loan on a Loan by Loan basis
- 5.6 Requirements to deliver excess Collateral
- 5.7 (Attribution of Collateral to Loans)
- 5.8 Timing of repayments of excess Collateral or deliveries of further Collateral
- 5.9 Substitutions and extensions of Letters of Credit
6. Distributions and Corporate Actions
- 6.1 Income Received
- 6.2 Manufactured payments in respect of Loaned Securities
- 6.3 Manufactured payments in respect of Non-Cash Collateral
- 6.4 Indemnity for failure to redeliver Equivalent Non-Cash Collateral
- 6.5 Income in the form of Securities
- 6.6 Exercise of voting rights
- 6.7 Corporate actions
7. Rates applicable to Loaned Securities and Cash Collateral
8. Delivery of Equivalent Securities
- 8.1. Lender’s right to terminate a Loan
- 8.2. Borrower’s right to terminate a Loan
- 8.3. Delivery of Equivalent Securities on termination of a Loan
- 8.4. Delivery of Equivalent Collateral on termination of a Loan
- 8.5. Delivery of Letters of Credit
- 8.6. Delivery obligations to be reciprocal
9. Failure to Deliver
10. Events of Default
11. Consequences of an Event of Default
12. Taxes
13. Lender’s Warranties
14. Borrower’s Warranties
15. Interest on Outstanding Payments
16. Termination of this Agreement
17. Single Agreement
18. Severance
19. Specific Performance
20. Notices
21. Assignment
22. Non Waiver
23. Governing Law and Jurisdiction
24. Time
25. Recording
26. Waiver of Immunity
27. Miscellaneous
Schedule
Agency Annex
Addendum for Pooled Principal Agency Loans
2010 UK Addendum
EU Short Selling Notices
update to anat|gmsla
|
Navigation 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 |
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