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Standard settlement time - GMSLA Provision: Difference between revisions
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Standard settlement time - GMSLA Provision (view source)
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{{gmslaanat|8.1}} | {{gmslaanat|8.1}} | ||
Well, not strictly speaking a {{gmsla}} provision — more a textual reference, in clauses {{gmslaprov|8.1}} the “{{gmslaprov|standard settlement time}}” is not defined in the {{gmsla}} but worth mentioning that, having recalled a {{gmslaprov|Loan}}, a {{gmslaprov|Lender}} must allow at least a standard settlement cycle to get the securities back. Which stands to reason, if you think about it. A Borrower who terminates the loan can send them back immediately - it being harder (but in my experience not impossible) to take ''yourself'' by surprise. | Well, not strictly speaking a {{gmsla}} provision — more a textual reference, in clauses {{gmslaprov|8.1}} the “{{gmslaprov|standard settlement time}}” is not defined in the {{gmsla}} but worth mentioning that, having recalled a {{gmslaprov|Loan}}, a {{gmslaprov|Lender}} must allow at least a standard settlement cycle to get the securities back. Which stands to reason, if you think about it. A Borrower who terminates the loan can send them back immediately - it being harder (but in my experience not impossible) to take ''yourself'' by surprise. | ||
{{ | {{sa}} | ||
*Standard {{eqderivprov|Settlement Cycle}} in the world of [[equity derivatives]]. | *Standard {{eqderivprov|Settlement Cycle}} in the world of [[equity derivatives]]. | ||