GTN definition
Examples of GTN in a sentence
SP and GTN ASIA has the right to terminate any borrow transaction if you: apply for or consent to, or are the subject of an application for, the appointment of or the taking of possession by a receiver, custodian, trustee, or liquidator of you or of all or a substantial part of your property; admit in writing your inability, or become generally unable, to pay your debts as such debts become due; make a general assignment for the benefit of its creditors; or cease to be a client of GTNASIA.
You will only receive the loan fee rate that is recorded for lending your securities as agreed with GTN ASIA.
GTN ASIA will receive a loan fee and generally represents a certain percentage of the net loan fee received by SP for relending your securities.
GTN ASIA will gross up the substitute payment, enabling you to receive the equivalent value of the substitute dividend payment from an after‐tax perspective.
Pursuant to the Agreement between GTNASIA and the SP, in exchange/s for the Loaned Securities, GTN ASIA will ensure the SP holds on your behalf in an account either cash collateral or financial instruments issued by government treasuries that may be secured by the government of the issuing country.
Likewise, SP may change the rate it pays GTN ASIA compared to the fees that SP receives when it lends your securities to third parties.
GTN ASIA upon receipt of loan fee will pay you an agreed percentage of the fees it receives from the SP.
For all transactions in which you are lending your Fully Paid Securities, SP will be the borrower and SP will be the party providing the collateral for you on the securities loan and paying your loan fees to GTN ASIA.
If you wish to act on an upcoming corporate action e.g., dividends, rights issues, reverse splits, mergers and acquisitions and similar, you may instruct GTN ASIA to return the Loaned Securities prior to the record date.
Ordinarily SP will pay GTN ASIA a percentage of the net loan fee received by the SP for lending your securities.