Template:M comp disc GMSLA 11.3: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
(Created page with "Patient observers will note that the {{pgmsla}} version is quite a lot shorter. This is because there’s no need for AET — being a pledge construct it doesn’t rely on...")
 
No edit summary
 
Line 1: Line 1:
Patient observers will note that the {{pgmsla}} version is quite a lot shorter. This is because there’s no need for [[AET]] — being a pledge construct it doesn’t rely on netting in the first place — and all that malarkey about the valuation of {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} is a bit otiose too. Also no faffing around with [[letters of credit]].
[[11.3 - GMSLA Provision|Patient]] observers will note that the {{pgmsla}} version is quite a lot shorter. This is because there’s no need for [[AET]] — being a pledge construct it doesn’t rely on netting in the first place — and all that malarkey about the valuation of {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} is a bit otiose too. Also no faffing around with [[letters of credit]].

Latest revision as of 17:45, 25 January 2021

Patient observers will note that the 2018 Pledge GMSLA version is quite a lot shorter. This is because there’s no need for AET — being a pledge construct it doesn’t rely on netting in the first place — and all that malarkey about the valuation of Equivalent Collateral is a bit otiose too. Also no faffing around with letters of credit.