Delivery of Collateral on commencement of Loan - GMSLA Provision: Difference between revisions

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{{gmslasnap|5.1}}
{{fullanat|gmsla|5.1|2010}}
====Commentary====
====Commentary====
For more about how one values the amount of {{gmslaprov|collateral}} required under any {{gmslaprov|Loan}}, eager readers are directed to the provision in Para {{gmslaprov|5.4}} and the concept of {{gmslaprov|Required Collateral Value}}. Note that the definition set out in Para {{gmslaprov|5.4}} applies whether you calculate {{gmslaprov|collateral}} on an aggregated basis (under {{gmslaprov|5.4}}) or on a {{gmslaprov|Loan}}-by-{{gmslaprov|Loan}} basis under Para {{gmslaprov|5.5}}.
For more about how one values the amount of {{gmslaprov|collateral}} required under any {{gmslaprov|Loan}}, eager readers are directed to the provision in Para {{gmslaprov|5.4}} and the concept of {{gmslaprov|Required Collateral Value}}. Note that the definition set out in Para {{gmslaprov|5.4}} applies whether you calculate {{gmslaprov|collateral}} on an aggregated basis (under {{gmslaprov|5.4}}) or on a {{gmslaprov|Loan}}-by-{{gmslaprov|Loan}} basis under Para {{gmslaprov|5.5}}.

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