In a Nutshell™ Clause Schedule 1:
Template:Nutshell GMSLA Schedule 1
2010 GMSLA full text of Clause Schedule 1:
Schedule 1. Collateral
Schedule 1.1. The securities, financial instruments and deposits of currency set out in the table below with a cross marked next to them are acceptable forms of Collateral under this Agreement.
Schedule 1.2 Unless otherwise agreed between the Parties, the Market Value of the Collateral delivered pursuant to paragraph 5 by Borrower to Lender under the terms and conditions of this Agreement shall on each Business Day represent not less than the Market Value of the Loaned Securities together with the percentage contained in the row of the table below corresponding to the particular form of Collateral, referred to in this Agreement as the Margin.
|Security/Financial Instrument/ Deposit of Currency
||Mark “X” if acceptable form of Collateral
Schedule 1.3 Basis of Margin Maintenance:
- Paragraph 5.4 (aggregation) shall not apply*
- Paragraph 5.4 (aggregation) applies unless the box is ticked.
Schedule 1.4 Paragraph 5.6 (netting of obligations to deliver Collateral and redeliver Equivalent Collateral) shall not apply* [ ]
- Paragraph 5.6 (netting) applies unless the box is ticked
Schedule 1.5 For the purposes of Paragraph 5.8, Notification Time means by [ ], London time.
Schedule 1.6 Paragraph 6.4 (indemnity for failure to redeliver Equivalent Non-Cash Collateral) shall not apply [ ]
- Paragraph 6.4 (indemnity for failure to redeliver Equivalent Non-Cash Collateral) applies unless the box is ticked.