Template:M summ GMSLA 11.4: Difference between revisions

Template:M summ GMSLA 11.4 (view source)

473 bytes removed , 7 June 2021

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-[[11.4 - GMSLA Provision|How]] you value a [[mini close-out]] where a party can’t redeliver a stock (because it's been suspended or something). It boils down to how you value either leg of the trade.
+{{gmsla 11.4 summ|gmslaprov}}
-If the {{gmslaprov|Non-Defaulting Party}} has actually sold securities {{gmslaprov|equivalent}} to those it lent, in can treat the price it got as the {{gmslaprov|Default Market Value}}. If it hasn’t, it must get two or more reference [[market maker]] [[quotation]]s and average those.
-{{buy-in}}