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Lender’s right to call for redelivery of Equivalent Securities - OSLA Provision: Difference between revisions
Lender’s right to call for redelivery of Equivalent Securities - OSLA Provision (view source)
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{{oslaanat|7(B)}} | {{oslaanat|7(B)}}Well, not strictly speaking an {{osla}} provision — more a textual reference, in clauses {{oslaprov|7(B)}} the “{{oslaprov|standard settlement time}}” is not defined in the {{osla}} but worth mentioning that, having recalled a loan, the {{oslaprov|Lender}} must allow at least a [[standard settlement cycle]] to get the securities back. | ||
Which stands to reason, if you think about it. A ''{{oslaprov|Borrower}}'' who decides to terminate a loan can send them back immediately - it being harder (but, in my experience, not impossible) to take ''yourself'' by surprise. | |||
===Clause comparison=== | ===Clause comparison=== | ||
The equivalent of this clause in the {{Gmsla}} is {{gmslaprov|8.1}} | The equivalent of this clause in the {{Gmsla}} is {{gmslaprov|8.1}} | ||
{{sa}} | |||
*The equivalent {{gmslaprov|8.1}} in the {{gmsla}} | |||
*Standard {{eqderivprov|Settlement Cycle}} in the world of [[equity derivatives]]. | |||