|
|
| (4 intermediate revisions by the same user not shown) |
| Line 1: |
Line 1: |
| {{gmslaanat|Income}} | | {{Manual|MSG|2010|Income|Clause|Income|medium}} |
| So the question is how this dovetails into the [[Manufactured payments in respect of Loaned Securities - GMSLA Provision|manufactured income]] provisions where the {{gmslaprov|Income}} in question is in some way contingent on a [[corporate action]], vote, or shareholding status.
| |
| | |
| For if you lent the security to me — [[title transfer]] — and I [[Short sale|sold it short]] (as one does under a [[stock lending]] arrangement) and then a [[corporate action]] arose which entitled each shareholder who makes a certain election to receive a certain distribution, must I manufacture that distribution to you, even if I didn't make that election or, for that matter, even hold the share to be able to make that election?
| |
| | |
| As to this, see Para {{gmslaprov|6.7}}
| |
| {{GMSLA compensation for mismanagement}}
| |