Rates applicable to Loaned Securities and Cash Collateral - GMSLA Provision

GMSLA Anatomy™ Go Premium In a Nutshell™ Clause 7: 7. Rates applicable to Loaned Securities and Cash Collateral 7.1 Rates in respect of Loaned Securities: Borrower must pay to Lender, a sum determined by multiplying the agreed rate to the daily Market Value of the Loaned Securities. 7.2. Rates in respect of Cash Collateral: Where Lender holds Cash Collateral for any Loan, it must pay to Borrower, sum determined by multiplying the agreed rate to the amount of such Cash Collateral. The parties may set off amounts due under paragraphs 7.1 and 7.2. 7.3 Payment of rates: Payment amounts due under this paragraph accrue daily from (and including) the Settlement Date to (but excluding) of the Business Day on which Equivalent Securities are delivered or Cash Collateral is repaid. Accrued sums for each calendar month are payable in arrears by the tenth Business Day after the end of that calendar month. view template 2010 GMSLA full text of Clause 7: 7. Rates applicable to Loaned Securities and Cash Collateral 7.1 Rates in respect of Loaned Securities: In respect of each Loan, Borrower shall pay to Lender, in the manner prescribed in sub paragraph 7.3, sums calculated by applying such rate as shall be agreed between the Parties from time to time to the daily Market Value of the Loaned Securities. 7.2. Rates in respect of Cash Collateral: Where Cash Collateral is deposited with Lender in respect of any Loan, Lender shall pay to Borrower, in the manner prescribed in paragraph 7.3, sums calculated by applying such rates as shall be agreed between the Parties from time to time to the amount of such Cash Collateral. Any such payment due to Borrower may be set off against any payment due to Lender pursuant to paragraph 7.1. 7.3 Payment of rates: In respect of each Loan, the payments referred to in paragraph 7.1 and 7.2 shall accrue daily in respect of the period commencing on and inclusive of the Settlement Date and terminating on and exclusive of the Business Day upon which Equivalent Securities are delivered or Cash Collateral is repaid. Unless otherwise agreed, the sums so accruing in respect of each calendar month shall be paid in arrears by the relevant Party not later than the Business Day which is the tenth Business Day after the last Business Day of the calendar month to which such payments relate or such other date as the Parties shall from time to time agree. view template 2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext | 1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers Navigation 2010 GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · Schedule · Agency Annex · Addendum for Pooled Principal Agency Loans 2018 Pledge GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · 28 · Schedule · Agency Annex Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA Index: Click ᐅ to expand: GMSLA Pledge GMSLA OSLA Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

7. Rates applicable to Loaned Securities and Cash Collateral

7.1 Rates in respect of Loaned Securities

7.2 Rates in respect of Cash Collateral

7.3 Payment of rates