Template:M comp disc Pledge GMSLA 10: Difference between revisions

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	In the {{pgmsla}} we wave good by to the {{gmsla}}’s {{gmslaprov\|Automatic Early Termination}} provision — which was only really there to slake the consciences of those worried that netting might not work. In a pledged security arrangement, it is ~~mich~~ more old-fashioned and traditional; you’re not really relying on the cute, clever-dickish type of [[close-out netting]] that is so warily eyed by ruddy-cheeked German insolvency administrators, no no need for an [[AET]]-35 unit.		[[10 - Pledge GMSLA Provision\|In]] the {{pgmsla}} we wave good by to the {{gmsla}}’s {{gmslaprov\|Automatic Early Termination}} provision — which was only really there to slake the consciences of those worried that netting might not work. In a pledged security arrangement, it is much more old-fashioned and traditional; you’re not really relying on the cute, clever-dickish type of [[close-out netting]] that is so warily eyed by ruddy-cheeked German insolvency administrators, no no need for an [[AET]]-35 unit.

	To compensate, there’s a new “breach of security agreement” {{pgmslaprov\|Event of Default}} at {{pgmslaprov\|10.1(j)}}. Which is nice.		To compensate, there’s a new “breach of security agreement” {{pgmslaprov\|Event of Default}} at {{pgmslaprov\|10.1(j)}}. Which is nice.