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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 08:46, 19 June 2014
, 19 June 2014→Commentary
Amwelladmin (talk | contribs) |
Amwelladmin (talk | contribs) |
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To Summarise: | To Summarise: | ||
Unless "single {{gmslaprov|Loan}} margining under {{gmslaprov|5.5}} applies: | Unless "single {{gmslaprov|Loan}} margining" under {{gmslaprov|5.5}} applies: | ||
:(a) '''{{gmslaprov|Required Collateral Value}}''': The aggregate {{gmslaprov|Market Value}} of {{gmslaprov|Posted Collateral}} in respect of all outstanding {{gmslaprov|Loans}} must equal the aggregate {{gmslaprov|Market Value}} of the {{gmslaprov|Loaned Securities}} plus applicable {{gmslaprov|Margin}}. | :(a) '''{{gmslaprov|Required Collateral Value}}''': The aggregate {{gmslaprov|Market Value}} of {{gmslaprov|Posted Collateral}} in respect of all outstanding {{gmslaprov|Loans}} must equal the aggregate {{gmslaprov|Market Value}} of the {{gmslaprov|Loaned Securities}} plus applicable {{gmslaprov|Margin}}. | ||
:(b) '''Excess {{gmslaprov|Collateral}}''': if the aggregate {{gmslaprov|Market Value}} of the {{gmslaprov|Posted Collateral}} plus: <br> | :(b) '''Excess {{gmslaprov|Collateral}}''': if the aggregate {{gmslaprov|Market Value}} of the {{gmslaprov|Posted Collateral}} plus: <br> | ||