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)

560 bytes added , 28 November 2019

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-{{oslasnap|7(B)}}
+{{oslaanat|7(B)}}
-====Commentary====
+===Standard settlement time===
+Standard settlement time is not defined in the {{osla}} but it is worth mentioning that, having recalled a loan, the {{oslaprov|Lender}} must allow at least a [[standard settlement cycle]] to get the securities back.
-====Related Provisions====
+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 with GMSLA====
+===Clause comparison===
-The equivalent of this clause in the {{Gmsla}} is:
+The equivalent of this clause in the {{Gmsla}} is {{gmslaprov|8.1}}
+{{sa}}
-{{oslaanatomy}}
+*The equivalent {{gmslaprov|8.1}} in the {{gmsla}}
+*Standard {{eqderivprov|Settlement Cycle}} in the world of [[equity derivatives]].