Examples of Global Master Securities Lending Agreement in a sentence
This Securities Loan Confirmation records the terms of the above referenced securities loan transaction and is issued in terms of the Global Master Securities Lending Agreement entered into between the parties, dated 8 October 2010 (the “Agreement”).
Additional Provision (2) – Securities Lending In relation to this Series of Notes, the Issuer and UBS AG (in such capacity, the “Securities Lending Counterparty”) have entered into a securities lending agreement as evidenced by an International Securities Lending Association form of Global Master Securities Lending Agreement (January 2010 Version) and Schedule thereto together with a Securities Lending Confirmation, each dated on or about the Issue Date of the Notes (the “Securities Lending Agreement”).
It is further recorded that, in terms of the pledge Investec is entitled to borrow the pledged Shares from time to time in its sole discretion, which securities loan shall be governed by the Global Master Securities Lending Agreement (“GMSLA”) entered in to by the Parties.
It is further recorded that, in terms of the pledge Investec is entitled to borrow the pledged Securities from time to time in its sole discretion, which securities loan shall be governed by the Global Master Securities Lending Agreement (“GMSLA”) entered in to by the Parties.
Such risk has to a large extent been mitigated when using the Global Master Repurchase Agreement (GMRA) and the Global Master Securities Lending Agreement (GMSLA) because at the outset of a transaction there will always be a counter-flow of cash or securities to match the flow of securities purchased or loaned.
As regards securities lending, the Global Master Securities Lending Agreement (GMSLA), issued by the International Securities Lenders Association (ISLA), is expected to become the leading standard agreement.
The Global Master Securities Lending Agreement (GMSLA), published by the International Se-curities Lending Association (ISLA), is the model agreement for securities lending on the international market.
See for example the Global Master Repurchase Agreement (GMRA; available onwww.isma.com and www.bondmarkets.com), the Global Master Securities Lending Agreement (GMSLA; cf.
GMSLA means, the Global Master Securities Lending Agreement between the Issuer and [name of Counterparty] dated [ ] which references the Notes as Collateral (as defined in the GMSLA).
In addition, you will have appointed the Asset Administrator to act as your duly authorized agent to purchase Linked Shares and enter into the Global Master Securities Lending Agreement and the ISDA Master Agreement, on your behalf, with the Issuer in order to give effect to the conditions of your LEIP Security.