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Manufactured payments in respect of Loaned Securities - GMSLA Provision: Difference between revisions
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Manufactured payments in respect of Loaned Securities - GMSLA Provision (view source)
Revision as of 12:27, 27 November 2015
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====Commentary==== | ====Commentary==== | ||
In other words the {{gmslaprov|Borrower}} pays what the {{gmslaprov|Lender}} would have received net, by reference to the Lender's own situation. This means that the {{gmslaprov|Lender}} doesn't need to worry about different rates of tax or withholding applying to the {{gmslaprov|Borrower}}. Makes sense, really. | In other words the {{gmslaprov|Borrower}} pays what the {{gmslaprov|Lender}} would have received net, by reference to the Lender's own situation. This means that the {{gmslaprov|Lender}} doesn't need to worry about different rates of tax or withholding applying to the {{gmslaprov|Borrower}}. Makes sense, really. | ||
{{nuts|6.2|GMSLA}} | |||
====See Also==== | ====See Also==== | ||
{{gmslaanatomy}} | {{gmslaanatomy}} | ||