Template:M summ Pledge GMSLA 7: Difference between revisions

[[7 - GMSLA Provision|So]] what’s going on here? Not a lot, though it is fair to say it is fairly fundamental to the economics. You have to pay a rate on the market value of the {{gmslaprov|Loaned Securities}} on top of any [[Manufactured payments in respect of Loaned Securities - GMSLA Provision|manufactured income]] (as to that see para {{gmslaprov|6.2}}), which is the {{gmslaprov|Lender}}’s price for getting out of bed, and where you have collateralised with cash, the {{gmslaprov|Lender}} pays you [[interest]]. (Where you have posted non-cash {{gmslaprov|Collateral}} the {{gmslaprov|Lender}} manufactures income back to you).  

There is a sublime drafting gem thrown in, almost as an afterthought, in the run-off grooves of paragraph {{gmslaprov|7.3}}.<ref>This is Para {{pgmslaprov|7.2}} in the {{pgmsla}}</ref> It runs, after a fashion, like so: “[[Unless otherwise agreed]], ... such amounts will be paid on a specified date ... ''or such other dates as the parties [[from time to time]] agree''” is one of my favourite [[flannel]]esque bookends. It has an arabesque, [[Möbius loop|Möbius]], twisting circularity to it that you just can’t teach. This is master craftspersonship. It is an Easter egg for purists.