Template:GMSLA 2010 Margin: Difference between revisions
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'''{{gmslaprov|Margin}}''' has the meaning specified in paragraph 1 of the Schedule with reference to the table set out therein; <br> | '''{{gmslaprov|Margin}}''' has the meaning specified in paragraph 1 of the Schedule with reference to the table set out therein; <br> | ||
''From the Schedule to the GMSLA'': | |||
1.2 Unless otherwise agreed between the {{gmslaprov|Parties}}, the {{gmslaprov|Market Value}} of the {{gmslaprov|Collateral}} delivered pursuant to paragraph {{gmslaprov|5}} by {{gmslaprov|Borrower}} to {{gmslaprov|Lender}} under the terms and conditions of this {{gmslaprov|Agreement}} shall on each {{gmslaprov|Business Day}} represent not less than the {{gmslaprov|Market Value}} of the {{gmslaprov|Loaned Securities}} together with the percentage contained in the row of the table below corresponding to the particular form of {{gmslaprov|Collateral}}, referred to in this Agreement as the {{gmslaprov|Margin}}. | |||
Revision as of 14:57, 2 February 2016
Margin has the meaning specified in paragraph 1 of the Schedule with reference to the table set out therein;
From the Schedule to the GMSLA:
1.2 Unless otherwise agreed between the Parties, the Market Value of the Collateral delivered pursuant to paragraph 5 by Borrower to Lender under the terms and conditions of this Agreement shall on each Business Day represent not less than the Market Value of the Loaned Securities together with the percentage contained in the row of the table below corresponding to the particular form of Collateral, referred to in this Agreement as the Margin.