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Template:Nutshell GMSLA 5.2: Difference between revisions
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{{gmslaprov|5.2}} '''{{gmslaprov|Deliveries through securities settlement systems generating automatic payments}}''' <br> | {{gmslaprov|5.2}} '''{{gmslaprov|Deliveries through securities settlement systems generating automatic payments}}''' <br> | ||
Where any {{gmslaprov|Securities}} or {{gmslaprov|Collateral}} securities are transferred through a settlement system that automatically generates return payments and deliveries against transfer any such automatically generated payment will satisfy the transferee’s corresponding obligation under this Agreement. ''[NB there are a lot of words we have just ignored here: treat with caution]''. | Where any {{gmslaprov|Securities}} or {{gmslaprov|Collateral}} securities are transferred through a settlement system that automatically generates return payments and deliveries against transfer any such automatically generated payment will satisfy the transferee’s corresponding obligation under this Agreement. ''[NB there are a lot of words we have just ignored here: treat with caution]''. <br> | ||