Loaned Securities - 2000 GMSLA Provision: Difference between revisions
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{{gmsla2000anat|Loaned Securities}} | {{gmsla2000anat|Loaned Securities}} | ||
Does the [[adjective]] “outstanding” mean anything? It is true, I suppose, that once the {{gmsla2000prov|Loan}} has terminated, the {{gmsla2000prov|Securities}} aren’t ''{{gmsla2000prov|Loaned Securities}}'' any more, but there are some oddities here. Say I hold {{gmsla2000prov|Securities}} on their {{gmsla2000prov|Income Payment Date}} (NB: this is {{2000gmsla}} speak for the {{gmslaprov|Income Record Date}}<ref>That this is sloppily expressed is another whole conversation — and was fixed in the 2010 {{gmsla}}.</ref>), but redeliver them before the relevant {{gmsla2000prov|Income}} is actually paid? | |||
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Revision as of 10:59, 21 June 2019
Does the adjective “outstanding” mean anything? It is true, I suppose, that once the Loan has terminated, the Securities aren’t Loaned Securities any more, but there are some oddities here. Say I hold Securities on their Income Payment Date (NB: this is 2000 GMSLA speak for the Income Record Date[1]), but redeliver them before the relevant Income is actually paid?
References
- ↑ That this is sloppily expressed is another whole conversation — and was fixed in the 2010 2010 GMSLA.