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List of Events of Default - GMSLA Provision: Difference between revisions
List of Events of Default - GMSLA Provision (view source)
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, 21 February 2018→The dog that didn't bark in the nighttime
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*{{isdaprov|Illegality}} equivalent | *{{isdaprov|Illegality}} equivalent | ||
*{{isdaprov|Tax Event}} equivalent | *{{isdaprov|Tax Event}} equivalent | ||
*{{isdaprov|Credit Event | *{{isdaprov|Credit Event Upon Merger}} equivalent | ||
*{{isdaprov|Tax Event | *{{isdaprov|Tax Event Upon Merger}} equivalent | ||
'''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. | '''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. | ||