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

Manufactured payments in respect of Loaned Securities - GMSLA Provision (view source)

852 bytes removed , 2 July 2013

Replaced content with "{{subst:gmslap|6.2}}"

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-{{gmslaprov|6.2}} '''{{gmslaprov|Manufactured payments in respect of Loaned Securities}}''' <br>
+{{gmslasnap|6.2}}
-:Where the term of a {{gmslaprov|Loan}} extends over an {{gmslaprov|Income Record Date}} in respect of any {{gmslaprov|Loaned Securities}}, {{gmslaprov|Borrower}} shall, on the date such {{gmslaprov|Income}} is paid by the issuer, or on such other date as the {{gmslaprov|Parties}} may from time to time agree, pay or deliver to {{gmslaprov|Lender}} such sum of money or property as is agreed between the {{gmslaprov|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 {{gmslaprov|Income}} that would be received by {{gmslaprov|Lender}} in respect of such {{gmslaprov|Loaned Securities}} assuming such {{gmslaprov|Securities}} were not loaned to Borrower and were retained by {{gmslaprov|Lender}} on the {{gmslaprov|Income Record Date}}. <br>
+====Commentary====
+====See Also====
+{{gmslaanatomy}}