Agent lender

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2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code
Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: Full wikitext · Nutshell wikitext | GMSLA Netting
Let me Google that for you: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers

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Stock Loan owner’s manuals: GMSLA · Pledge GMSLA · OSLA

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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

Agent lending is a different thing to rehypothecation (actually, it is often the exact counterpoint) and one shouldn't confuse the two, especially if one is reading Article 22(7) of the UCITS V regulation.

See also