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Marking to Market of Collateral during the currency of a Loan on aggregated basis - GMSLA Provision: Difference between revisions
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Marking to Market of Collateral during the currency of a Loan on aggregated basis - GMSLA Provision (view source)
Revision as of 13:56, 18 June 2014
, 18 June 2014→Commentary
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{{gmsla2000snap|5.4}} | {{gmsla2000snap|5.4}} | ||
====Commentary==== | ====Commentary==== | ||
GMSLA allows you to specify that Collateral managed on an aggregate basis, under this Clause, or on a loan-by-loan basis under Clause {{gmslaprov|5.5}}. Generally speaking it is easier (and in a close out situation against a non-netting coiuntertparty, more capital effective) to collateralise on an aggregate basis under this Clause so this will be the strong preference for most counterparties except in fairly unusual or bespoke situations. | |||
To Summarise: | To Summarise: | ||