Lender - Pledge GMSLA Provision

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2018 Global Master Securities Lending Agreement (Pledge Version)
A Jolly Contrarian owner’s manual

Clause Lender in a Nutshell
Use at your own risk, campers!

The Lender is the person specified in the Agreement as “Lender”.
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Clause Lender in full

[SPECIFY] (Lender) a company incorporated under the laws of [SPECIFY] acting through one or more Designated Offices; and
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Related agreements and comparisons

Related agreements: Click here for the same clause in the 2010 GMSLA
Comparison: Template:Gmsladiff Lender

Resources and navigation

2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code
Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: Full wikitext · Nutshell wikitext | GMSLA Netting
Let me Google that for you: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers
Navigation
2010 GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · Schedule · Agency Annex · Addendum for Pooled Principal Agency Loans
2018 Pledge GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · 28 · Schedule · Agency Annex

Stock Loan owner’s manuals: GMSLA · Pledge GMSLA · OSLA

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Content and comparisons

Unlike in the 2010 GMSLA, in a 2018 Pledge GMSLA which is designed with agent lending arrangements in mind, one party (presented by an agent lender) will always be the Lender and the other (a bank desirous of upgrading the funding status of its balance sheet with higher quality assets) will always be the Borrower, so the Agreement is not entirely symmetrical — though it nearly is, since the Loans are fully collateralised, and it is heavily based on a purely bilateral agreement, and ISLA’s crack drafting squad™ we markedly disinclined to make any changes to it they didn’t have to.
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See also

Template:M sa Pledge GMSLA Lender
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References

Lender is defined only in the Parties section of the 2018 Pledge GMSLA