83,035
edits
Buy-In - GMSLA Provision: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{ | {{gmslaanat|Buy-In}} | ||
===Commentary=== | ===Commentary=== | ||
A buy in is the self-help process whereby a counterparty can settle a failing delivery itself, and charge it back to the failing counterparty. You really want to go and have a look at clauses {{gmslaprov|9.3}} and {{gmslaprov|11.4}} of the {{gmsla}} to understand the buy in process. All the information is there. | A buy in is the self-help process whereby a counterparty can settle a failing delivery itself, and charge it back to the failing counterparty. You really want to go and have a look at clauses {{gmslaprov|9.3}} and {{gmslaprov|11.4}} of the {{gmsla}} to understand the buy in process. All the information is there. | ||
| Line 8: | Line 8: | ||
*{{gmsla}} Clause {{gmslaprov|9.3}}: {{gmslaprov|Failure by either Party to deliver}} | *{{gmsla}} Clause {{gmslaprov|9.3}}: {{gmslaprov|Failure by either Party to deliver}} | ||
*{{gmsla}} Clause {{gmslaprov|11.4}}: {{gmslaprov|Determination of Default Market Value}}. | *{{gmsla}} Clause {{gmslaprov|11.4}}: {{gmslaprov|Determination of Default Market Value}}. | ||