Template:Nutshell GMSLA 2000 6.1: Difference between revisions
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Revision as of 12:56, 28 May 2019
6.1 Manufactured Payments
Where Income is paid on any Loaned Securities or Collateral by reference to an Income Payment Date the Borrower, or Lender, (as appropriate) must, on the relevant payment date (the Relevant Payment Date) manufacture an equivalent amount of Income that, the other person would have been entitled to receive had it not delivered the asset in question under a Loan.