Template:Nutshell GMSLA 5.6

From The Jolly Contrarian
Revision as of 18:55, 30 December 2020 by Amwelladmin (talk | contribs)
Jump to navigation Jump to search
5.6: Where Collateral values are aggregated under paragraph 5.4 and, on a given day, both Parties would otherwise have to deliver Collateral to each other, then those respective Market Values will be set-off and, in full settlement of both parties' obligations, the Party having the larger delivery obligation must deliver Collateral having a Market Value equal to the difference.