Template:M summ GMSLA Interpretation (Agency Addendum): Difference between revisions
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A scholar will note that the most of this interpretation section is surplus to requirements, since it merely fingerpost to other parts of the Addendum. Which leaves the vexed question of (b). This is the definition of {{gmslaprov|Net Loan Exposure}}. This is designed to capture the overall exposure as between the Borrower and any ''one'' {{gmslaprov|Principal}} in the {{gmslaprov|Agent Lender}}’s portfolio, across all {{gmslaprov|Loans}} between those two. | [[Interpretation (Agency Addendum) - GMSLA Provision|A]] scholar will note that the most of this interpretation section is surplus to requirements, since it merely fingerpost to other parts of the Addendum. Which leaves the vexed question of (b). This is the definition of {{gmslaprov|Net Loan Exposure}}. This is designed to capture the overall exposure as between the Borrower and any ''one'' {{gmslaprov|Principal}} in the {{gmslaprov|Agent Lender}}’s portfolio, across all {{gmslaprov|Loans}} between those two. | ||
Latest revision as of 18:06, 4 May 2022
A scholar will note that the most of this interpretation section is surplus to requirements, since it merely fingerpost to other parts of the Addendum. Which leaves the vexed question of (b). This is the definition of Net Loan Exposure. This is designed to capture the overall exposure as between the Borrower and any one Principal in the Agent Lender’s portfolio, across all Loans between those two.