Income Payments (Buy/Sellback Annex) - GMRA Provision

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2000 Global Master Repurchase Agreement
A Jolly Contrarian owner’s manual™

Resources and navigation

Resources: 2010 GMRA: Full wikitext · Nutshell wikitext
Navigation

2000 GMRA Table of Contents · 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · Schedule · Equities Annex: EA 1 · EA 2 · EA 3 · EA 4 · EA 5 · Buy/Sellback Annex · BSA 1 · BSA 2 · BSA 3 · BSA 4 · BNA 5

Index: Click to expand:

Paragraph BSA 5 in a Nutshell

Use at your own risk, campers!
BSA 5. No Income Payments
Paragraph 5 (Income Payments) does not apply.

Full text of Paragraph BSA 5

BSA 5. Income Payments
Paragraph 5 of the Agreement (relating to Income Payments) shall not apply to Buy/Sell Back Transactions.

Related agreements and comparisons

Related agreements: Click here for the same clause in the 1996 MRA, when we get round to finding out the first thing about it.
Comparison: Template:Gmradiff BSA 5

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Content and comparisons

Buy/Sellback Annex
BSA 1 Scope (Buy/Sellback Annex)
BSA 2 Interpretation (Buy/Sellback Annex)
BSA 3 Initiation; Confirmation; Termination (Buy/Sellback Annex)
BSA 4 Margin maintenance: “repricing” (Buy/Sellback Annex)
BSA 5 Income Payments (Buy/Sellback Annex)

Template

Summary

The key difference between a Repurchase Transaction and a Buy/Sell Back Transaction is that you manufacture income in the first and accrue interest in the second, so, you know: you’d expect a clause like this.

Template

See also

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References