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OSLA Anatomy: Difference between revisions
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{{a|osla|}} | {{a|osla|{{1995 OSLA TOC}}}}The {{osla}} is the predecessor to the {{gmsla}}. It is not widely used these days, though there are still versions kicking around and we do need to know about it, though because ISLA has — a litle petulantly, in my humble opinion — decided to stop supporting [[netting opinions]], you can expect those to die out in fairly short order. | ||
Here is the currently and probably now for ever, sketchy [[OSLA Anatomy]], but unless you are looking at an existing agreement that can’t be changed, your much better bet is to look at the {{gmsla}} and its pledgy cousin, the [[Pledge GMSLA]]], and study the [[GMSLA Anatomy|anatomy]] of that document. | |||
'''[[1995 OSLA]]''' | ===Interesting features=== | ||
*'''{{oslaprov|Voting rights}}''': Unlike the {{gmsla}}, the {{osla}} contains a “[[best efforts]]” obligation to vote securities at the direction of the person who posted them to you. This is ''somewhat'' challenging given the [[title transfer]] nature of the agreement, but there you have it: the [[OSLA]] is a product of a more innocent age. For more in formation see {{oslaprov|4(B)(vi)}} ({{oslaprov|voting rights}}) | |||
===[[OSLA Anatomy]]=== | |||
'''[[1995 OSLA]]''' <br> | |||
{{1995 OSLA Section Recital TOC}} | |||
{{1995 OSLA Section 1 TOC}} | {{1995 OSLA Section 1 TOC}} | ||
{{olsaprov|2}} {{olsaprov|Loans of Securities}} <br> | {{olsaprov|2}} {{olsaprov|Loans of Securities}} <br> | ||