Template:ESLA - FWMD

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Financial Weapons of Mass Destruction®



ESLA


It’s stock lending, for posh people.


Docs Appendage to a stock lending agreement. Extra mark for needless verbosity. 3
Amendability Bilateral. Easyt peasy. 0
Collateral Yes, per stock lending agreement. Liquid, daily, but may be crappy assets. 3
Transferability Not without novation. But why would you? 0
Leverage Nope 0
Fright-o-meter Well, it’s used in connection with short selling but really, snoresville. 1