Non Cash Collateral - GMSLA Provision

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GMSLA Anatomy


In a Nutshell Clause Non Cash Collateral:

Non Cash Collateral means Collateral that isn't cash;
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2010 GMSLA full text of Clause Non Cash Collateral:

Non Cash Collateral means Collateral other than Cash Collateral;
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2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting
Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers

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2010 GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · Schedule · Agency Annex · Addendum for Pooled Principal Agency Loans

2018 Pledge GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · 28 · Schedule · Agency Annex

Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA

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Definitions like this can give you those moments that make you genuinely proud to be a lawyer. You know, all that slogging through offer, acceptance and consideration, snails in gingerbeer, constructive estoppel and laches?

All that was preparation for the revelation, made flesh on the page before you — now, when there is so much well-earned money down you have to keep paying— that the finest minds in your profession can assemble and think it is necessary and valuable to define the expression “non-cash collateral”.

“It means, sirs, collateral that isn't cash.”

Well, you don’t say.