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GMSLA
(redirected from Global Master Securities Lending Agreement)

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AcronymDefinition
GMSLAGlobal Master Securities Lending Agreement


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The Company also entered into a Forbearance Agreement with Citigroup whereby Citigroup and the Company acknowledged that if March 16, 2009, were the maturity date of the securities loans outstanding under a Global Master Securities Lending Agreement between the Company and Citigroup (the "Global Agreement"), the Company would be obligated to return to Citigroup cash collateral of $1.
These counterparties have agreed to both a contractual reduction of margin requirements for financing the company's mortgage securities and a suspension of their rights to invoke further margin calls and related rights under their reverse repurchase agreements, global master securities lending agreements and auction swap agreements subject to certain covenants and conditions discussed in the company's March 19, 2008, press release announcing the agreement.
These counterparties have agreed to both a contractual reduction of margin requirements for financing the company's mortgage securities and a suspension of their rights to invoke further margin calls and related rights under their reverse repurchase agreements, global master securities lending agreements and auction swap agreements subject to certain covenants and conditions discussed in the company's March 19, 2008, press release announcing the agreement.
 
 
 
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