Talk:Manufactured payments in respect of Loaned Securities - GMSLA Provision: Difference between revisions

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Latest revision as of 16:36, 14 March 2025 view source25 days ago Amwelladmin (talk \| contribs) Bureaucrats, Interface administrators, Administrators 90,776 edits No edit summary ← Older edit		Revision as of 16:35, 14 March 2025 view source25 days ago Amwelladmin (talk \| contribs) Bureaucrats, Interface administrators, Administrators 90,776 edits Created page with "2010 6.2 Manufactured payments in respect of Loaned Securities Where the term of a Loan extends over an Income Record Date in respect of any Loaned Securities, Borrower shall, on the date such Income is paid by the issuer, or on such other date as the Parties may from time to time agree, pay or deliver to Lender such sum of money or property as is agreed between the Parties or, failing such agreement, a sum of money or property equivalent to (and in the same currency a..." Newer edit →
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	6.1 Manufactured payments in respect of Loaned Securities		6.2 Manufactured payments in respect of Loaned Securities
	Where the term of a Loan extends over an Income Record Date in respect of any Loaned Securities ~~or an Income Record Date in respect of any such Securities occurs after the end of the term of the relevant Loan but before Equivalent Securities have been delivered to Lender~~, Borrower shall, on the date such Income is paid by the issuer, or on such other date as the Parties may from time to time agree, pay or deliver to Lender such sum of money or property as is agreed between the Parties or, failing such agreement, a sum of money or property ~~Equivalent~~ to (and in the same currency as) the type and amount of such Income that would be received by Lender ~~(after any applicable withholding or deduction for or on account of Tax)~~ in respect of such Loaned Securities assuming such Securities were not loaned to Borrower and were retained by Lender on the Income Record Date.		Where the term of a Loan extends over an Income Record Date in respect of any Loaned Securities, Borrower shall, on the date such Income is paid by the issuer, or on such other date as the Parties may from time to time agree, pay or deliver to Lender such sum of money or property as is agreed between the Parties or, failing such agreement, a sum of money or property equivalent to (and in the same currency as) the type and amount of such Income that would be received by Lender in respect of such Loaned Securities assuming such Securities were not loaned to Borrower and were retained by Lender on the Income Record Date.