Collateral Method outside GMSLA scope
Uncollateralised>
Status: Under Review, Last Updated: 15/01/2021
Uncollateralised
Some counterparts lend without taking collateral, typically where a simultaneous borrow occurs with the same counterpart effectively nets exposure.
As this activity is not within the scope of the standard master agreement, it is a not a recommended practice. (IBP-326)
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