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Events of Default - GMSLA Provision: Difference between revisions
Events of Default - GMSLA Provision (view source)
Revision as of 12:54, 27 April 2018
, 27 April 2018Text replacement - "" " to "” "
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*Exceptionally, due to lack of funds at the deliverer | *Exceptionally, due to lack of funds at the deliverer | ||
Making delivery failures an {{gmslaprov|Event of Default}} would put participants in a perpetual state of default for reasons not necessarily related to the solvency or creditworthiness of the " | Making delivery failures an {{gmslaprov|Event of Default}} would put participants in a perpetual state of default for reasons not necessarily related to the solvency or creditworthiness of the "failing” counterparty. | ||
===The purpose of {{gmslaprov|Events of Default}}=== | ===The purpose of {{gmslaprov|Events of Default}}=== | ||