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)

94 bytes removed , 28 November 2019

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-{{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.
+{{oslaanat|7(B)}}
+===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.
 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.