Template:Nutshell GMSLA Interpretation (Agency Addendum): Difference between revisions

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{{gmslaprov|2}}. '''{{gmslaprov|Interpretation (Agency Addendum)}}''' <br>
{{gmslaprov|Addendum 2}}. '''{{gmslaprov|Interpretation (Agency Addendum)}}''' <br>
2.1 In this addendum:  
2.1 In this addendum:  
:(a) '''{{gmslaprov|Collateral Transfer}}''' is defined in paragraph 5.1 below; <br>
:(a) '''{{gmslaprov|Collateral Transfer}}''' is defined in paragraph {{gmslaprov|Addendum 5.1}} below; <br>
:(b) {{Nutshell GMSLA Net Loan Exposure}}<br>
{{Nutshell GMSLA Net Loan Exposure}}
:(c) '''{{gmslaprov|Pooled Principal}}''' is defined in paragraph 6(a) below; and
:(c) '''{{gmslaprov|Pooled Principal}}''' is defined in paragraph {{gmslaprov|Addendum 6(a)}} below; and
:(d) ''{{gmslaprov|Pooled Loan}}'' is defined in paragraph 6(a) below.
:(d) '''{{gmslaprov|Pooled Loan}}''' is defined in paragraph {{gmslaprov|Addendum 6(a)}} below.

Latest revision as of 18:13, 4 May 2022

Addendum 2. Interpretation (Agency Addendum)
2.1 In this addendum:

(a) Collateral Transfer is defined in paragraph Addendum 5.1 below;
(b) Net Loan Exposure:
(i) If the aggregate Market Value of Posted Collateral between the Borrower and any one Principal exceeds the total Required Collateral Value for all Agency Loans between them, Borrower has a Net Loan Exposure to that Principal equal to that excess.
(ii)If it is less than the Required Collateral Value, the Principal has a Net Loan Exposure to Borrower equal to the shortfall.
(c) Pooled Principal is defined in paragraph Addendum 6(a) below; and
(d) Pooled Loan is defined in paragraph Addendum 6(a) below.