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Delivery of Collateral on commencement of Loan - GMSLA Provision: Difference between revisions
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Delivery of Collateral on commencement of Loan - GMSLA Provision (view source)
Revision as of 14:29, 29 December 2014
, 29 December 2014→Commentary
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{{gmslasnap|5.1}} | {{gmslasnap|5.1}} | ||
====Commentary==== | ====Commentary==== | ||
For more about how one values the amount of {{gmslaprov|collateral}} required under any {{gmslaprov|Loan}}, eager readers are directed to the provision in Para {{gmslaprov|5.4}} and the concept of {{gmslaprov|Required Collateral Value}}. | For more about how one values the amount of {{gmslaprov|collateral}} required under any {{gmslaprov|Loan}}, eager readers are directed to the provision in Para {{gmslaprov|5.4}} and the concept of {{gmslaprov|Required Collateral Value}}. Note that the definiion set out in Para {{gmslaprov|5.4}} applies whether you calcalate {{gmslaprov|collateral}} on an aggregated basis (under {{gmslaprov|5.4}}) or on a {{gmslaprov|Loan}}-by-{{gmslaprov|Loan}} basis under Para {{gmslaprov|5.5}}. | ||
====Related Provisions==== | ====Related Provisions==== | ||