Marking to Market of Collateral during the currency of a Loan on a Loan by Loan basis - GMSLA Provision: Difference between revisions

Marking to Market of Collateral during the currency of a Loan on a Loan by Loan basis - GMSLA Provision (view source)

613 bytes removed , 15 April 2020

Replaced content with "{{manual|MSG|2010|5.5|Section|5.5|short}}"

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-It will be a rum GMSLA indeed in which this provision applies. It will generally fall upon deaf ears, by dint of paragraph {{gmslaprov|5.4}} (collateralisation on an aggregate basis), which will apply instead unless you specifically override it, and it is hard to conceive of situations in which you would do that.
+{{manual|MSG|2010|5.5|Section|5.5|short}}
-Anyway, since you asked, it goes like this:
-{{nuts|GMSLA|5.5}}
-Or, in all its glory:
-{{gmslasnap|5.5}}
-====Commentary====
-See also {{gmslaprov|5.4}}, Collateralisation on aggregate, which will generally (for which read “inevitably”) be the preferred alternative for most financial institutions.
-====See Also====
-{{gmslaanatomy}}