Securities Lending Agreement

Securities Lending Agreement

An agreement governing the loan of a stock, derivative, or other security to an investor. A securities lending agreement requires the borrower to put up collateral, such as cash, security, or a letter of credit. It also states how long the loan lasts, what fee the lender receives, and the amount and type of collateral. Securities lending agreements are important to short selling, in which an investor borrows securities in order to immediately sell them.
References in periodicals archive ?
The transaction involves a tri-party securities lending agreement between the issuer as lender, Citigroup as borrower, and Euroclear Bank as securities lending service agent.
Finance director Jeff Spies has recommended the approval of a resolution to terminate the city's securities lending agreement with Wachovia Global Securities.
1058 agreement if the borrower fails to return the borrowed securities "or otherwise defaults." A standard-form securities lending agreement treats the bankruptcy filing by the borrower as a default.
IV Collateral Damage: Unsecured Creditors A Opes Prime's Clients as Unsecured Creditors B The Securities Lending Agreement: What Does It Mean?
A very simplified example based on the netting provisions in the pro forma Opes Prime securities lending agreement highlights the problem for clients.
Union Bank claimed that ERISA-based contractual indemnity clauses in the Corporate Co-Trustee Agreement and Securities Lending Agreement between Union Bank and the board of trustees shielded the bank from liability.
Together with legal support from Norton Rose Fulbright, the GDALA adapts the legal frameworks typically seen in ISLA's Global Master Securities Lending Agreements, ICMA/ SIFMA's Global Master Repurchase Agreements and ISDA's Master Agreements and applied it to crypto.
Affected agreements include master repurchase and securities lending agreements, as well as ISDA master agreements.
While some large 401(k) plans make securities lending agreements directly, most of the transactions that affect these plans happen indirectly, when providers of investment options within a plan do securities lending.
Also discussed are the implications of the treatment of repurchase and securities lending agreements.
While some large 401(k) plans make securities lending agreements directly, most lending affecting these plans happens indirectly, when providers of investment options within a plan do securities lending.
USE OF REPURCHASE, DEPOSIT AND SECURITIES LENDING AGREEMENTS TO ACHIEVE MATCH FUNDING - GENERALLY NO LIQUIDITY FACILITIES

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