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. Collateral
6. Distributions and 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
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