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Template:Nutshell 2000 GMSLA Market Value: Difference between revisions
Template:Nutshell 2000 GMSLA Market Value (view source)
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Amwelladmin (talk | contribs) (Created page with "“'''{{gmsla2000prov|Market Value}}'''” means: <br> :(a) for the valuation of instruments other than {{gmsla2000prov|Cash Collateral}} or a {{gmsla2000prov|Letter of Credit...") |
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“'''{{gmsla2000prov|Market Value}}'''” means: <br> | “'''{{gmsla2000prov|Market Value}}'''” means: <br> | ||
:(a) for the valuation of instruments other than {{gmsla2000prov|Cash Collateral}} or a {{gmsla2000prov|Letter of Credit}}): <br> | :(a) for the valuation of instruments other than {{gmsla2000prov|Cash Collateral}} or a {{gmsla2000prov|Letter of Credit}}): <br> | ||
::(i) the market quotation for the bid price of such instruments | ::(i) the market quotation for the bid price of such instruments derived from a pricing service reasonably chosen {{gmsla2000prov|Lender}}; or <br> | ||
::(ii) if none | ::(ii) if none is available, the market value derived from bids by a reputable dealer for the instrument reasonably chosen by {{gmsla2000prov|Lender}}, <br> | ||
:in each case at {{gmsla2000prov|Close of Business}} on the previous {{gmsla2000prov|Business Day}} or, at either {{gmsla2000prov|Party}}’s option where it reasonably believes there has been an exceptional movement in the price of the instrument since such time, the latest available price; plus | :in each case at {{gmsla2000prov|Close of Business}} on the previous {{gmsla2000prov|Business Day}} or, at either {{gmsla2000prov|Party}}’s option where it reasonably believes there has been an exceptional movement in the price of the instrument since such time, at the latest available price; plus | ||
::(iii) | ::(iii) accrued but unpaid {{gmsla2000prov|Income}} on the instrument that is not otherwise factored into such price, | ||
:(provided that the price of instruments that are suspended shall (for the purposes of paragraph {{gmsla2000prov|5}}) be nil unless the {{gmsla2000prov|Parties}} agree otherwise and (for all other purposes) shall be the price of instrument as of {{gmslaprov|Close of Business}} on the dealing day in the relevant market preceding the suspension, or a [[commercially reasonable]] price agreed between the {{gmsla2000prov|Parties}}; <br> | :(provided that the price of instruments that are suspended shall (for the purposes of paragraph {{gmsla2000prov|5}}) be nil unless the {{gmsla2000prov|Parties}} agree otherwise and (for all other purposes) shall be the price of instrument as of {{gmslaprov|Close of Business}} on the dealing day in the relevant market preceding the suspension, or a [[commercially reasonable]] price agreed between the {{gmsla2000prov|Parties}}; <br> | ||
:(b) For a {{gmsla2000prov|Letter of Credit}} its face or stated amount; and <br> | :(b) For a {{gmsla2000prov|Letter of Credit}} its face or stated amount; and <br> | ||
:(c) For {{gmsla2000prov|Cash Collateral}} the amount of the currency concerned; <br> | :(c) For {{gmsla2000prov|Cash Collateral}} the amount of the currency concerned; <br> | ||