Manufactured Payments - 2000 GMSLA Provision: Difference between revisions

Manufactured Payments - 2000 GMSLA Provision (view source)

988 bytes removed , 9 March 2022

Replaced content with "{{Manual|MSG|2000|6.1|Clause|6.1|short}}"

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-{{gmsla2000anat|6.1}}'''''Disambiguation''': This is the 2000 {{gmsla}} provision. For the 2010 equivalent it’s Clauses {{gmslaprov|6.2}} and {{gmslaprov|6.3}} of the 2010 GMSLA.''<br>
+{{Manual|MSG|2000|6.1|Clause|6.1|short}}
-''See also the definition of “{{gmsla2000prov|Income}}” under the {{2000gmsla}}, which superficially appears wide but should, in our humble view, to be limited.''
-What is the significance of the wording “... ''would have been entitled to receive''...”? What if the {{gmslaprov|Issuer}} is obliged to make the payment, but doesn’t? Does the {{gmslaprov|Borrower}} of such a stock [[guarantee]] the {{gmslaprov|Issuer}}’s performance? It is hard to see how this is intended, but that is one way you could read the wording.
-In the 2010 {{gmsla}} it the wording is modified (Clauses {{gmslaprov|6.2}} and {{gmslaprov|6.3}}) to provide “... ''that would '''be''' received ''...”
-{{income paid in relation to securities}}
-{{2000 gmsla Loaned Securities}}
-{{GMSLA compensation for mismanagement}}
-{{sa}}
-*{{gmsla2000prov|Income}}