Notices - GMSLA Provision
2010 Global Master Securities Lending Agreement
Clause 20 in a Nutshell™ Use at your own risk, campers!
Full text of Clause 20
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Summary
Pay careful attention to the perils of assuming an electronic messaging system includes email. Draw near, children, and hear the cautionary tale of Mr Greenclose.
The parties are, of course, free to disapply any of the methods set out here, or add any other ones that are not, by specifying in Part 5 of the Schedule. But, as the good folk of the National Westminster Bank plc would no doubt tell you, you shouldn't assume it is a good idea to communicate by any method that isn't specified here if you haven't specified it in the Schedule.