Mini close-out - GMSLA Provision: Difference between revisions

Mini close-out - GMSLA Provision (view source)

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	Note that {{gmslaprov\|mini close-out}} is the [[non-affected party\|non-affected party’s]] option: If a {{gmslaprov\|Borrower}}, on terminating a {{gmslaprov\|Loan}}, cannot then redeliver the borrowed {{gmslaprov\|Securities}} (because of an upstream failure), it cannot force a {{gmslaprov\|mini close-out}}.		Note that {{gmslaprov\|mini close-out}} is the [[non-affected party\|non-affected party’s]] option: If a {{gmslaprov\|Borrower}}, on terminating a {{gmslaprov\|Loan}}, cannot then redeliver the borrowed {{gmslaprov\|Securities}} (because of an upstream failure), it cannot force a {{gmslaprov\|mini close-out}}.

	'''Odd spot''': See the peculiar impact [[mini-closeout]] has on {{isdaprov\|Default Under Specified Transaction}} under the {{isdama}}		'''Odd spot''': See the peculiar impact [[mini-closeout]] has on {{isdaprov\|Default Under Specified Transaction}} under the {{isdama}}.