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GMRA Anatomy™
In a Nutshell™ Clause 4(f):
4(f) Indebtedness: A payment of Cash Margin creates indebtedness from the recipient to the payer. It will bear interest as specified in Annex I.
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Global Master Repurchase Agreement full text of Clause 4(f):
4(f) A payment of Cash Margin shall give rise to a debt owing from the party receiving such payment to the party making such payment. Such debt shall bear interest at such rate, payable at such times, as may be specified in Annex I hereto in respect of the relevant currency or otherwise agreed between the parties, and shall be repayable subject to the terms of this Agreement.
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