Template:Nutshell GMSLA 1.1: Difference between revisions

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{{gmslaprov|1.1}} The {{gmslaprov|Parties}} may enter into transactions through {{gmslaprov|Designated Offices}} in which one ('''{{gmslaprov|Lender}}''') transfers to the other ('''{{gmslaprov|Borrower}}''') securities and financial instruments ('''{{gmslaprov|Securities}}''') against the transfer of {{gmslaprov|Collateral}}, with a simultaneous agreement by {{gmslaprov|Borrower}} to transfer to {{gmslaprov|Lender}} {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} on a fixed date or on demand against the transfer to {{gmslaprov|Borrower}} by {{gmslaprov|Lender}} of {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}}. <br>
{{gmslaprov|1.1}} The {{gmslaprov|Parties}} may enter into transactions through {{gmslaprov|Designated Office}}s in which one ('''{{gmslaprov|Lender}}''') transfers to the other ('''{{gmslaprov|Borrower}}''') securities and financial instruments ('''{{gmslaprov|Securities}}''') against the transfer of {{gmslaprov|Collateral}}, with a simultaneous agreement by {{gmslaprov|Borrower}} to transfer to {{gmslaprov|Lender}} {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} on a fixed date or on demand against the transfer to {{gmslaprov|Borrower}} by {{gmslaprov|Lender}} of {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}}. <br>