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

It will be a rum {{tag|GMSLA}} indeed in which this provision applies. It will generally fall upon deaf ears, by dint of paragraph {{gmslaprov|5.4}} ({{gmslaprov|aggregate margining}}), which will apply instead unless you specifically override it, and it is hard to conceive of situations in which you would do that.   

Anyway, since you asked, it goes like this:

{{nuts|GMSLA|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.