Common use of Collateral for Loaned Securities Clause in Contracts

Collateral for Loaned Securities. 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. There may be market fluctuation in the value of the financial instruments posted to you as collateral under the Agreement, which may result in the value of the financial instruments being insufficient to replace the full value of the Loaned Securities, should the SP default. If SP, defaults and the market value of the Loaned Securities increases on the day that SP defaults, the cash collateral provided by the SP may be sufficient to fully collateralize the Loaned Securities. While a securities loan is outstanding, and until Loaned Securities are credited back to your account upon termination of a loan, you will lose your right to vote the Loaned Securities. However, you retain a contractual right to the return of the Loaned Securities and, accordingly, continue to have market exposure with respect to the Loaned Securities. 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.

Collateral for Loaned Securities. Pursuant to the Agreement between GTNASIA GTNME and the SP, in exchange/s for the Loaned Securities, GTN ASIA ME 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. There may be market fluctuation in the value of the financial instruments posted to you as collateral under the Agreement, which may result in the value of the financial instruments being insufficient to replace the full value of the Loaned Securities, should the SP default. If SPSP , defaults and the market value of the Loaned Securities increases on the day that SP defaults, the cash collateral provided by the SP may be sufficient to fully collateralize the Loaned Securities. While a securities loan is outstanding, and until Loaned Securities are credited back to your account upon termination of a loan, you will lose your right to vote the Loaned Securities. However, you retain a contractual right to the return of the Loaned Securities and, accordingly, continue to have market exposure with respect to the Loaned Securities. If you wish to act on an upcoming corporate action e.g., dividends, rights issues, reverse splits, mergers and acquisitions and similaraction, you may instruct GTN ASIA ME to return the Loaned Securities prior to the record date. GTN ME will use commercially reasonable efforts to return the Loaned Securities to you prior to the record date of the corporate action but shall not have any liability to you in the event that it is unable to return the Loaned Securities to you prior to the record date.