Agent lender: Difference between revisions
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{{anat|gmsla}} | {{anat|gmsla|}} | ||
An [[agent]] (usually a [[financial institution]] with a significant [[wealth management]] or [[asset management ]] business) who [[Stock Lending|lends]] securities of its principals under [[stock lending]] arrangements. | An [[agent]] (usually a [[financial institution]] with a significant [[wealth management]] or [[asset management ]] business) who [[Stock Lending|lends]] securities of its principals under [[stock lending]] arrangements. | ||
Revision as of 18:03, 27 February 2019
An agent (usually a financial institution with a significant wealth management or asset management business) who lends securities of its principals under stock lending arrangements.
Valuable counterparties to banks who can “upgrade” their portfolio of equity securities by using them as collateral when borrowing high quality assets.
Goes hand in hand with a tri-party collateral arrangement