Template:Nutshell OSLA 2: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{oslaprov|2}}. '''{{oslaprov|Loans of Securities}}''' <br> {{oslaprov|2(A)}} The {{oslaprov|Lender}} will lend {{oslaprov|Securities}} to the {{oslaprov|Borrower}}, under th...") |
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{{oslaprov|2}}. '''{{oslaprov|Loans of Securities}}''' <br> | {{oslaprov|2}}. '''{{oslaprov|Loans of Securities}}''' <br> | ||
{{oslaprov|2(A)}} The {{oslaprov|Lender}} will lend {{oslaprov|Securities}} to the {{oslaprov|Borrower}}, under this {{oslaprov|Agreement}} and with the {{oslaprov|Rules}} once the {{oslaprov|Lender}} | {{oslaprov|2(A)}} The {{oslaprov|Lender}} will lend {{oslaprov|Securities}} to the {{oslaprov|Borrower}}, under this {{oslaprov|Agreement}} and with the {{oslaprov|Rules}} once the {{oslaprov|Lender}} has accepted a {{oslaprov|Borrowing Request}}. <br> | ||
{{oslaprov|2(B)}} The {{oslaprov|Borrower}} may reduce the amount of {{oslaprov|Securities}} subject to a {{oslaprov|Borrowing Request}} as long as it has given notice to the {{oslaprov|Lender}} by midday in London two {{oslaprov|Business Day}}s before the {{oslaprov|Settlement Date}} and the {{oslaprov|Lender}} has accepted the reduction. <br> | {{oslaprov|2(B)}} The {{oslaprov|Borrower}} may reduce the amount of {{oslaprov|Securities}} subject to a {{oslaprov|Borrowing Request}} as long as it has given notice to the {{oslaprov|Lender}} by midday in London two {{oslaprov|Business Day}}s before the {{oslaprov|Settlement Date}} and the {{oslaprov|Lender}} has accepted the reduction. <br> | ||
Revision as of 15:00, 27 November 2019
2. Loans of Securities
2(A) The Lender will lend Securities to the Borrower, under this Agreement and with the Rules once the Lender has accepted a Borrowing Request.
2(B) The Borrower may reduce the amount of Securities subject to a Borrowing Request as long as it has given notice to the Lender by midday in London two Business Days before the Settlement Date and the Lender has accepted the reduction.