Agent lender

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GMSLA Anatomy™
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2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting

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1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers

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Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 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