Master Lending Agreement
Learn more about the Master Lending Agreement.
Learn more about the Master Lending Agreement.
OpenTrade's Master Lending Agreement (MLA) is a master agreement governing secured lending between Lenders and Borrowers on the OpenTrade Platform.
The MLA is an umbrella agreement that defines lending mechanics, rights and obligations of the parties, roles and responsibilities of the parties, definitions, and more.
Each individual Loan made under the MLA is documented via a which is a legally binding agreement specifying the amount and key terms of the loan.
The OpenTrade MLA has been adapted for digital asset lending from the , a widely used standard legal framework published and maintained by the International Securities Lending Association (ISLA).
Definitions & Parties
(timing, events, payment dates, early withdrawals, rollovers etc)
Calculation and payment of
Borrower warrants that it has acquired or will acquire the on the and has granted a valid and fully perfected security interest in the accounts in which the Collateral will be held pursuant to the
Borrower agrees that the Loans (and any proceeds thereof) will be used solely to acquire the applicable Collateral and pay amounts due including fees.
Borrower and lender warranties
Default event(s) and consequences
Termination, Notices, and Assignment
English Law as the governing law and jurisdiction