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Marking to Market of Collateral during the currency of a Loan on a Loan by Loan basis - GMSLA Provision: Difference between revisions
Marking to Market of Collateral during the currency of a Loan on a Loan by Loan basis - GMSLA Provision (view source)
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It will be a rum GMSLA indeed in which this provision applies. It will generally fall upon deaf ears, by dint of paragraph 5.4, which will apply instead unless specifically overridden, and it is hard to conceive of situations in which one would override it. Anyway, since you asked, it goes like this: | |||
{{nuts|GMSLA|5.5}} | |||
Or, in all its glory: | |||
{{gmslasnap|5.5}} | {{gmslasnap|5.5}} | ||
====Commentary==== | ====Commentary==== | ||
See also {{gmslaprov|5.4}}, Collateralisation on aggregate, which will generally be the preferred alternative for most financial institutions. | See also {{gmslaprov|5.4}}, Collateralisation on aggregate, which will generally (for which read “inevitably”) be the preferred alternative for most financial institutions. | ||
====See Also==== | ====See Also==== | ||
{{gmslaanatomy}} | {{gmslaanatomy}} | ||