82,903
edits
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
===[[Loose prepositional phrases]]=== | ===[[Loose prepositional phrases]]=== | ||
Careful, by the way about being too trigger-happy about [[loose prepositional phrase|loose prepositional phrases]] like this. There | |||
Careful, by the way, about being too trigger-happy about [[loose prepositional phrase|loose prepositional phrases]] like this. There is a howler in the definition of {{gmslaprov|income}} in the {{gmsla}}: | |||
:''{{GMSLA 2010 Income}}'' | :''{{GMSLA 2010 Income}}'' | ||
Here, | Here, it ''should'' say “...distributions of [[Any type, kind or nature|any kind whatsoever]]<ref>Actually, in the [[JC]]’s view this is also unintentionally wide and really ought to be “...or other ''similar'' [[Distribution|distributions]]”. See {{gmslaprov|Income}} for more [[tedious]] discussion on this fascinating topic.</ref> paid '''[[under]]''' the {{gmslaprov|Securities}} or {{gmslaprov|Collateral}}.” | ||
{{gmslaprov|Distribution}}s paid ''[[with respect to]]'' the {{gmslaprov|Securities}} could include amounts paid by unreleted third parties that reference the {{gmslaprov|Securities}}: you know, like [[derivative]] payments. Payments on [[Credit Event - Credit Derivative Provision| | {{gmslaprov|Distribution}}s paid ''[[with respect to]]'' the {{gmslaprov|Securities}} could include amounts paid by unreleted third parties that reference the {{gmslaprov|Securities}}: you know, like [[derivative]] payments. Payments on [[Credit Event - Credit Derivative Provision|credit event]]s, where the [[underlier]] has blown up. Payments that could be [[Leverage|levered]], or modified, but nonetheless paid by reference to the shares themselves. So that would be bad. Borrowers of stock loans have no intention to [[Manufactured payments in respect of Loaned Securities - GMSLA Provision|manufacture]] these kinds of payments. <br> |