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	{{a\|pgmsla\|{{subtable\|{{2018 GMSLA TOC}}}}}}===What is the [[Pledge GMSLA]]?===		{{a\|pgmsla\|{{subtable\|'''{{pgmsla}}'''<br>{{2018 GMSLA TOC}}}}}}===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.		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.