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Template:Nutshell GMSLA Market Value: Difference between revisions
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Template:Nutshell GMSLA Market Value (view source)
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:(i) published on a reputable information service chosen by the {{gmslaprov|Lender}}; or failing that | :(i) published on a reputable information service chosen by the {{gmslaprov|Lender}}; or failing that | ||
:(ii) derived from a mid price from a [[dealer]] chosen by the {{gmslaprov|Lender}} | :(ii) derived from a mid price from a [[dealer]] chosen by the {{gmslaprov|Lender}} | ||
:(unless either party thinks there’s been an unusual market movement since then, in which case the latest available price) plus | :(unless either party thinks there’s been an unusual market movement since then, in which case the latest available price) plus: | ||
:(iii) accrued {{gmslaprov|Income}} if not included in the quote.<br> | :(iii) accrued {{gmslaprov|Income}} if not included in the quote.<br> | ||
Where the assets in question are not trading freely the {{gmslaprov|Parties}} may agree their {{gmslaprov|Market Value}}. Failing that, they can ask an mutually acceptable [[dealer]] to quote. If they can’t agree on one of those, they can seek an average of {{gmslaprov|Reference Dealer}} quotations (with a laborious mechanism for figuring our what to include and how to average it). If all else fails the Market Value giving up altogether and falling back on the reasonable determination of the {{gmslaprov|Party}} originally making the determination).<ref>Tiresome, I know.</ref> <br> | Where the assets in question are not trading freely the {{gmslaprov|Parties}} may agree their {{gmslaprov|Market Value}}. Failing that, they can ask an mutually acceptable [[dealer]] to quote. If they can’t agree on one of those, they can seek an average of {{gmslaprov|Reference Dealer}} quotations (with a laborious mechanism for figuring our what to include and how to average it). If all else fails the Market Value giving up altogether and falling back on the reasonable determination of the {{gmslaprov|Party}} originally making the determination).<ref>Tiresome, I know.</ref> <br> | ||
(b) ''' | (b) '''{{gmslaprov|Letters of credit}}''': for any {{gmslaprov|Letter of Credit}}, its [[face value]]. <br> | ||
(c) '''[[Cash]]''': for {{gmslaprov|Cash}} its [[face value]].<br> | (c) '''[[Cash]]''': for {{gmslaprov|Cash}} its [[face value]].<br> | ||