Template:Nutshell GMSLA 1.1: Difference between revisions

Template:Nutshell GMSLA 1.1 (view source)

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	{{gmslaprov\|1.1}} The {{gmslaprov\|Parties}} may enter into {{gmslaprov\|Loan}}s where one ('''{{gmslaprov\|Lender}}''') transfers securities and financial instruments ('''{{gmslaprov\|Securities}}''') to the other ('''{{gmslaprov\|Borrower}}''') against the transfer by the other of {{gmslaprov\|Collateral}}, with a simultaneous agreement by the {{gmslaprov\|Borrower}} to transfer {{gmslaprov\|Equivalent}} {{gmslaprov\|Securities}} back to {{gmslaprov\|Lender}} at a future date against the return of {{gmslaprov\|Equivalent}} {{gmslaprov\|Collateral}}. <br>		{{gmslaprov\|1.1}} The {{gmslaprov\|Parties}} may enter into {{gmslaprov\|Loan}}s through their {{gmslaprov\|Designated Office}}s where one ('''{{gmslaprov\|Lender}}''') transfers securities and financial instruments ('''{{gmslaprov\|Securities}}''') to the other ('''{{gmslaprov\|Borrower}}''') against the transfer by the other of {{gmslaprov\|Collateral}}, with a simultaneous agreement by the {{gmslaprov\|Borrower}} to transfer {{gmslaprov\|Equivalent}} {{gmslaprov\|Securities}} back to {{gmslaprov\|Lender}} at a future date against the return of {{gmslaprov\|Equivalent}} {{gmslaprov\|Collateral}}. <br>