List of Events of Default - GMSLA Provision: Difference between revisions

List of Events of Default - GMSLA Provision (view source)

194 bytes added , 21 February 2018

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 *{{isdaprov|Tax Event upon Merger}} equivalent
-'''Why not?''': Unlike an {{isdama}}, generally, transactions under a GMSLA are callable on notice. If your counterparty suffes any kind of credit deterioration, your option is to immediately recall your loans. If they redeliver—great. If they ''don’t'', you have them bang to rights on a {{gmraprov|failure to pay or deliver}}. Simples.
+'''Why not?''': Unlike an {{isdama}}, generally, {{gmslaprov|Loan}} transactions under a {{gmsla}} are callable on notice. If your counterparty suffes any kind of credit deterioration, your option is to immediately recall your loans. If they redeliver—great. If they ''don’t'', you have them bang to rights on a {{gmslaprov|failure to pay or deliver}}. Simples.
+It's a similar story under the {{gmra}} by the way.
+{{seealso}}
+*{{isdaprov|Events of default}} under the {{isdama}}
+*{{gmraprov|Events of default}} under the {{gmra}}