6(j) - GMRA Provision: Difference between revisions

6(j) - GMRA Provision (view source)

623 bytes removed , 23 February 2020

Replaced content with "{{manual|MR|2000|6(j)|Clause||medium}}"

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-{{fullanat|gmra|6(j)|2000}}
+{{manual|MR|2000|6(j)|Clause||medium}}
-This is the {{gmra}}'s version of a [[flawed asset]] provision—similar, you will note, to the {{isdama}}’s vaunted Section {{isdaprov|2(a)(iii)}}. Unlike the ISDA version, it's toggle-able, suggesting the framers of the {{gmra}} were somewhat embarrassed to include it. Rightly, because a [[flawed asset]] clause doesn’t make a colossal amount of sense in an intrinsically margined, callable transactions like a [[repo]] agreement.
-Oddly, the {{gmsla}} doesn't have a [[flawed asset]] provision (the closest it gets is Paragraph {{gmslaprov|8.6}}), even though in most every other respect, it’s very similar to the {{gmra}}.