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Amwelladmin (talk | contribs) (Created page with "ISLA published a curious piece of thought leadership in September 2018 which painted a worst-case scenario timeline for closing out a {{pgmsla}...") |
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!style="width: 50%"|{{pgmsla}} | !style="width: 50%"|{{pgmsla}} | ||
{{aligntop}} | {{aligntop}} | ||
|Upon notice of default, {{gmslaprov|Non-Defaulting Party}} can start | |Upon notice of default, {{gmslaprov|Non-Defaulting Party}} can start immediately liquidate and has 5 days to trade and set pricing to allow for liquidity. You have to return any excess. | ||
|Upon notice of default {{pgmslaprov|Non-Defaulting Party}} can start | |Upon notice of default {{pgmslaprov|Non-Defaulting Party}} can theoretically start liquidating but has value the pledged {{gmslaprov|Collateral}} to be transferred. This may take a bit longer in an illiquid market. But seems to the[[JC]] there’s no reason you can’t execute trades in the collateral without physically holding it, seeing as it settles later. Any excess goes back to the pledgor | ||
{{aligntop}} | {{aligntop}} | ||
{{tablebottom}} | {{tablebottom}} |