Standard settlement time - GMSLA Provision: Difference between revisions

Standard settlement time - GMSLA Provision (view source)

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-Well, not strictly speaking a {{gmsla}} provision - more a textual reference, in clauses {{gmslaprov|8.1}} and {{gmslaprov|8.2}}, the "standard settlement time" is not defined in the {{gmsla}} but worth mentioning that, having recalled a loan, a Lender must allow at least a standard settlement cycle to ge the securities back. Which standa to reason if you think about it.
+Well, not strictly speaking a {{gmsla}} provision - more a textual reference, in clauses {{gmslaprov|8.1}} the "standard settlement time" is not defined in the {{gmsla}} but worth mentioning that, having recalled a {{gmslaprov|Loan}}, a {{gmslaprov|Lender}} must allow at least a standard settlement cycle to get the securities back. Which stands to reason if you think about it. A Borrower who terminates the loan can send them back immediately - it being harder (but in my experience not impossible) to take ''yourself'' by surprise.
 {{nuts|GMSLA|8.1}}
-{{nuts|GMSLA|8.2}}
 ===See also ===