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Template:M comp disc Pledge GMSLA 9: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "Counterintuitively, this mini-close out provision in the {{pgmsla}} is very similar to the one in the {{gmsla}}. There is the notable absence of the clause about failure t...") |
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Counterintuitively, this [[mini-close out]] provision in the {{pgmsla}} is very similar to the one in the {{gmsla}}. There is the notable absence of the clause about failure to return {{gmslaprov|Collateral}} — but you can’t really blame {{islacds}} for that, seeing as the {{gmslaprov|Borrower}} never delivers the {{gmslaprov|Collateral}} to the {{gmslaprov|Lender}} in the first place (it’s a [[pledge]] — see?). But otherwise it works in the same way. | [[9 - Pledge GMSLA Provision|Counterintuitively]], this [[mini-close out]] provision in the {{pgmsla}} is very similar to the one in the {{gmsla}}. There is the notable absence of the clause about failure to return {{gmslaprov|Collateral}} — but you can’t really blame {{islacds}} for that, seeing as the {{gmslaprov|Borrower}} never delivers the {{gmslaprov|Collateral}} to the {{gmslaprov|Lender}} in the first place (it’s a [[pledge]] — see?). But otherwise it works in the same way. | ||
This is because it only really applies to the {{gmslaprov|Borrower}}, and — assuming the {{gmslaprov|Borrower}} has not gone ''[[tette in alto]]'', but is merely struggling to source {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} to return because the market’s a bit dickey — you would not expect the {{gmslaprov|Lender}} to enforce on the {{gmslaprov|Collateral}}. | This is because it only really applies to the {{gmslaprov|Borrower}}, and — assuming the {{gmslaprov|Borrower}} has not gone ''[[tette in alto]]'', but is merely struggling to source {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} to return because the market’s a bit dickey — you would not expect the {{gmslaprov|Lender}} to enforce on the {{gmslaprov|Collateral}}. | ||