Pledge GMSLA Anatomy: Difference between revisions

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-{{a|gmsla|
+{{a|gmsla|{{2018 GMSLA TOC}}}}
-{{pgmslaprov|1}}. {{pgmslaprov|Applicability}}<br>
-{{pgmslaprov|2}}. {{pgmslaprov|Interpretation}}<br>
-{{pgmslaprov|3}}. {{pgmslaprov|Loans of Securities}}<br>
-{{pgmslaprov|4}}. {{pgmslaprov|Delivery}}<br>
-{{pgmslaprov|5}}. {{pgmslaprov|Collateral}}<br>
-{{pgmslaprov|6}}. {{pgmslaprov|Distributions and Corporate Actions}}<br>
-{{pgmslaprov|7}}. {{pgmslaprov|Rates Applicable to Loaned Securities}}<br>
-{{pgmslaprov|8}}. {{pgmslaprov|Delivery of Equivalent Securities}}<br>
-{{pgmslaprov|9}}. {{pgmslaprov|Failure to Deliver}}<br>
-{{pgmslaprov|10}}. {{pgmslaprov|Events of Default}}<br>
-{{pgmslaprov|11}}. {{pgmslaprov|Consequences of an Event of Default}}<br>
-{{pgmslaprov|12}}. {{pgmslaprov|Taxes}}<br>
-{{pgmslaprov|13}}. {{pgmslaprov|Lender's Warranties}}<br>
-{{pgmslaprov|14}}. {{pgmslaprov|Borrower's Warranties}}<br>
-{{pgmslaprov|15}}. {{pgmslaprov|Interest on Outstanding Payments}}<br>
-{{pgmslaprov|16}}. {{pgmslaprov|Termination of this Agreement}}<br>
-{{pgmslaprov|17}}. {{pgmslaprov|Single Agreement}}<br>
-{{pgmslaprov|18}}. {{pgmslaprov|Severance}}<br>
-{{pgmslaprov|19}}. {{pgmslaprov|Specific Performance}}<br>
-{{pgmslaprov|20}}. {{pgmslaprov|Notices}}<br>
-{{pgmslaprov|21}}. {{pgmslaprov|Assignment}}<br>
-{{pgmslaprov|22}}. {{pgmslaprov|Non-Waiver}}<br>
-{{pgmslaprov|23}}. {{pgmslaprov|Governing Law and Jurisdiction}}<br>
-{{pgmslaprov|24}}. {{pgmslaprov|Time}}<br>
-{{pgmslaprov|25}}. {{pgmslaprov|Recording}}<br>
-{{pgmslaprov|26}}. {{pgmslaprov|Waiver of Immunity}}<br>
-{{pgmslaprov|27}}. {{pgmslaprov|Expenses}}<br>
-{{pgmslaprov|28}}. {{pgmslaprov|Miscellaneous}}<br>
-{{pgmslaprov|Schedule}}<br>
-{{pgmslaprov|Agency Annex}}<br>
-}}
 ===What is the [[Pledge GMSLA]]?===
 The elegantly titled [[Global Master Securities Lending Agreement (Security Interest over Collateral 2018 version)]] — known to the friends it has rapidly made in the industry as the “'''[[Pledge GMSLA]]'''” is a version of the {{tag|GMSLA}} published in November 2018 and designed exclusively for [[Agent lender|agent lending]] arrangements. Instead of posting {{tag|collateral}} by [[title transfer]], the {{pgmslaprov|Borrower}} [[pledge]]s it. The {{pgmslaprov|Lender}} has a security interest over the collateral, but no right to [[reuse]] or otherwise deal with it.