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Marking to Market of Collateral during the currency of a Loan on aggregated basis - GMSLA Provision: Difference between revisions
Marking to Market of Collateral during the currency of a Loan on aggregated basis - GMSLA Provision (view source)
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{{fullanat2|gmsla|5.4|2010|5.6|2010}} | |||
A key provision for [[GMSLA Netting]], you have to read this aggregate netting provision together with paragraph {{gmslaprov|5.6}}, summarised in our uniquely jokey and unreliable way as follows: | A key provision for [[GMSLA Netting]], you have to read this aggregate netting provision together with paragraph {{gmslaprov|5.6}}, summarised in our uniquely jokey and unreliable way as follows: | ||
{{nuts|GMSLA|5.4}} | {{nuts|GMSLA|5.4}} | ||
{{nuts|GMSLA|5.6}} | {{nuts|GMSLA|5.6}} | ||
====Commentary==== | ====Commentary==== | ||
This provision covers the determination of the amount of {{gmslaprov|Collateral}} required - the {{gmslaprov|Required Collateral Value}} - where {{gmslaprov|Loan}} exposures are determined on an aggregated basis. | This provision covers the determination of the amount of {{gmslaprov|Collateral}} required - the {{gmslaprov|Required Collateral Value}} - where {{gmslaprov|Loan}} exposures are determined on an aggregated basis. | ||