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| {{gmslaanat|Income}} | | {{Manual|MSG|2010|Income|Clause|Income|medium}} |
| {{gmsla income}}
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| ==={{gmslaprov|Income}} versus {{gmslaprov|Corporate action}}s===
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| 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.
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| 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?
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| {{GMSLA compensation for mismanagement}}
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| {{sa}}
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| *Para {{gmslaprov|6.2}} - {{gmslaprov|Manufactured payments in respect of Loaned Securities}}
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| *Para {{gmslaprov|6.7}} - {{gmslaprov|Corporate actions}}
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| {{ref}}
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