83,229
edits
Amwelladmin (talk | contribs) m (Text replace - ""," to "”,") |
Amwelladmin (talk | contribs) m (Text replace - " "" to " “") |
||
Line 3: | Line 3: | ||
{{oslasnap|7}} | {{oslasnap|7}} | ||
====Commentary==== | ====Commentary==== | ||
See Clause {{gmslaprov|8.3}} and {{gmslaprov|8.4}} of the {{tag|GMSLA}} by way of comparison, and also Clause {{gmslaprov|9}} which deals with the | See Clause {{gmslaprov|8.3}} and {{gmslaprov|8.4}} of the {{tag|GMSLA}} by way of comparison, and also Clause {{gmslaprov|9}} which deals with the “mini-closeout” right upon a Party's {{gmslaprov|Failure to Deliver Equivalent Securities}} or {{gmslaprov|Failure to Deliver Equivalent Collateral}}. | ||
Clause {{oslaprov|7(C)}} of the OSLA operates in much the same way as the | Clause {{oslaprov|7(C)}} of the OSLA operates in much the same way as the “mini-closeout”, by permitting a Non-Defaulting Party to determine a value of each Loan as the difference between the value of the opposing legs of the trade. | ||
====Related Provisions==== | ====Related Provisions==== | ||
*{{gmsla}} Paragraphs {{gmslaprov|8}} and {{gmslaprov|9}}. | *{{gmsla}} Paragraphs {{gmslaprov|8}} and {{gmslaprov|9}}. | ||
{{oslaanatomy}} | {{oslaanatomy}} |