Template:GMSLA 2000 1.1: Difference between revisions
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{{gmsla2000prov|1.1}} [[From time to time]] the parties may enter into transactions in which one party (“{{gmsla2000prov|Lender}}”) will transfer to the other (“{{gmsla2000prov|Borrower}}”) securities and financial instruments (“{{gmsla2000prov|Securities}}”) against the transfer of {{gmsla2000prov|Collateral}} (as defined in paragraph {{gmsla2000prov|2}}) with a simultaneous agreement by {{gmsla2000prov|Borrower}} to transfer to {{gmsla2000prov|Lender}} {{gmsla2000prov|Securities}} [[equivalent]] to such {{gmsla2000prov|Securities}} on a fixed date or on demand against the transfer to {{gmsla2000prov|Borrower}} by {{gmsla2000prov|Lender}} of assets equivalent to such {{gmsla2000prov|Collateral}}. <br> | {{gmsla2000prov|1.1}} [[From time to time]] the parties may enter into transactions in which one party (“'''{{gmsla2000prov|Lender}}'''”) will transfer to the other (“'''{{gmsla2000prov|Borrower}}'''”) securities and financial instruments (“'''{{gmsla2000prov|Securities}}'''”) against the transfer of {{gmsla2000prov|Collateral}} (as defined in paragraph {{gmsla2000prov|2}}) with a simultaneous agreement by {{gmsla2000prov|Borrower}} to transfer to {{gmsla2000prov|Lender}} {{gmsla2000prov|Securities}} [[equivalent]] to such {{gmsla2000prov|Securities}} on a fixed date or on demand against the transfer to {{gmsla2000prov|Borrower}} by {{gmsla2000prov|Lender}} of assets equivalent to such {{gmsla2000prov|Collateral}}. <br> | ||
Latest revision as of 10:18, 21 June 2019
1.1 From time to time the parties may enter into transactions in which one party (“Lender”) will transfer to the other (“Borrower”) securities and financial instruments (“Securities”) against the transfer of Collateral (as defined in paragraph 2) with a simultaneous agreement by Borrower to transfer to Lender Securities equivalent to such Securities on a fixed date or on demand against the transfer to Borrower by Lender of assets equivalent to such Collateral.