Template:M comp disc GMSLA 1: Difference between revisions

Template:M comp disc GMSLA 1 (view source)

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	The {{pgmsla}}, by contrast, is a conventional secured “{{gmslaprov\|Loan}}” where the {{pgmslaprov\|Lender}} has [[credit exposure]] to the {{pgmslaprov\|Borrower}} for the ''total'' value of the {{pgmslaprov\|Loaned Securities}}, but this is collateralised by a [[pledge]] over {{pgmslaprov\|Collateral}} to which the {{pgmslaprov\|Borrower}} retains legal title.		The {{pgmsla}}, by contrast, is a conventional secured “{{gmslaprov\|Loan}}” where the {{pgmslaprov\|Lender}} has [[credit exposure]] to the {{pgmslaprov\|Borrower}} for the ''total'' value of the {{pgmslaprov\|Loaned Securities}}, but this is collateralised by a [[pledge]] over {{pgmslaprov\|Collateral}} to which the {{pgmslaprov\|Borrower}} retains legal title.

	~~The reference to a {{pgmslaprov\|Nominee}}, we think, is a flag to recognise that the~~ {{pgmsla}} is typically suitable only for [[agency lending]] arrangements, in which the principal {{pgmslaprov\|Lender}}s to the {{pgmslaprov\|Loan}}s will be wealth-management clients and funds whose assets are managed by an [[agent lender]], abnd who have handed over responsibility for managing their {{pgmslaprov\|Loan}}s to the [[agent lender]].		{{pgmsla nominee capsule}}