Pledge GMSLA: Difference between revisions

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	The [[pledge GMSLA]] is a version of the {{tag\|GMSLA}} developed in late 2017 early 2018 where instead of transferring {{tag\|collateral}} by [[title transfer]], you [[pledge]] it. Unlike the US standard stock lending agreement, the {{tag\|MSLA}}, you don’t [[Rehypothecation\|rehypothecate]] the collateral transferred to you, because that would defeat the purpose of pledging it in the first place<ref>An objection that is equally true of a US style pledge, but doesn't seem to have stopped the market insisting on one anyway.</ref>		The [[pledge GMSLA]] is a version of the {{tag\|GMSLA}} developed in late 2017 early 2018 where instead of transferring {{tag\|collateral}} by [[title transfer]], you [[pledge]] it. Unlike the US standard stock lending agreement, the {{tag\|MSLA}}, you don’t [[Rehypothecation\|rehypothecate]] the collateral transferred to you, because that would defeat the purpose of pledging it in the first place<ref>An objection that is equally true of a US style pledge, but doesn't seem to have stopped the market insisting on one anyway.</ref>