|
|
Line 1: |
Line 1: |
| [[11.4 - GMSLA Provision|How]] you value a [[mini close-out]] where a party can’t redeliver a stock (because it's been suspended or something). It boils down to how you value either leg of the trade.
| | {{gmsla 11.4 summ|gmslaprov}} |
| | |
| If the {{gmslaprov|Non-Defaulting Party}} has actually sold securities {{gmslaprov|equivalent}} to those it lent, in can treat the price it got as the {{gmslaprov|Default Market Value}}. If it hasn’t, it must get two or more reference [[market maker]] [[quotation]]s and average those.
| |
| | |
| {{buy-in}}
| |