Template:M summ Pledge GMSLA 7: Difference between revisions

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-{{M summ GMSLA 7}}
+[[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 {{pgmslaprov|Loaned Securities}} on top of any [[Manufactured payments in respect of Loaned Securities - GMSLA Provision|manufactured income]] (as to that see para {{pgmslaprov|6.2}}), which is the {{pgmslaprov|Lender}}’s price for getting out of bed, and where you have collateralised with cash, the {{pgmslaprov|Lender}} pays you [[interest]]. (Where you have posted non-cash {{pgmslaprov|Collateral}} the {{pgmslaprov|Lender}} manufactures income back to you).
+===Flannel cracker===
+There is a sublime drafting gem thrown in, almost as an afterthought, in the run-off grooves of paragraph {{pgmslaprov|7}}. 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''”
+This 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. No ordinary dullard could do this: this is the master craftspersonship of a true ninja. For we connoisseurs of chocolate-coated [[celery]], this is a Easter egg — a Fabergé egg — for purists.