82,891
edits
Pledge GMSLA Anatomy: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{a|gmsla| | {{a|gmsla| | ||
{{pgmslaprov|1}}. {{pgmslaprov|Applicability}}<br> | {{pgmslaprov|1}}. {{pgmslaprov|Applicability}}<br> | ||
{{pgmslaprov|2}}. {{pgmslaprov|Interpretation}}<br> | {{pgmslaprov|2}}. {{pgmslaprov|Interpretation}}<br> | ||
| Line 31: | Line 30: | ||
{{pgmslaprov|Schedule}}<br> | {{pgmslaprov|Schedule}}<br> | ||
{{pgmslaprov|Agency Annex}}<br> | {{pgmslaprov|Agency Annex}}<br> | ||
}} | |||
===What is | ===What is the [[Pledge GMSLA]]?=== | ||
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 [[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. | ||