ISLA has now published the revised 2020 US Tax Addendum to the GMSLA 2010, along with supporting guidance notes.
The new addendum provides a broader approach, covering Qualified Derivative Dealer and Qualified Securities Lender statuses concurrently. The revised version also addresses a number of issues including, but not limited to, FATCA non-compliance tax risk on collateral securities that are not substituted ahead of income dates.
For more information on the GMSLA Title Transfer framework, as well to access the addendum, please click here
