Interest on Cash Margin - GMRA Provision: Difference between revisions

Interest on Cash Margin - GMRA Provision (view source)

721 bytes added , 13 November 2019

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 {{gmraanat|4(f)}}
+Note the difference here between {{gmraprov|Interest on Cash Margin}} under Clause {{gmraprov|4(f)}} — set out in the {{gmraprov|Annex}}, and for those counterparties with alert [[legal eagle]]s, likely to be [[SONIA]] (for [[sterling]]), [[EONIA]] (for [[euro]]) and [[Fed Funds Effective]] (for [[dollars]]), i.e. no longer that ghastly pariah [[LIBOR]] — and ''default'' interest under Clause {{gmraprov|10(f)}}, which is hard-coded to be [[LIBOR]].
+Is that a huge problem? In the scheme of things probably not.
+[[File:Dramatic Chipmunk.png|100px|thumb|left|DID SOMEONE SAY [[LIBOR]]??]]Mention of [[LIBOR]] requires obligatory mention of the [[Dramatic look gopher]], of course. here you go.
+{{sa}}
+*[[LIBOR]]