Securities Lending: Difference between revisions
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The process of lending out a [[securities]], either [[bonds]] or [[shares]], and commonly documented under a {{gmsla}}, in the case of shares, a {{gmra}} in the case of bonds, or a Prime Brokerage Agreement in the case of a [[Hedge Fund]]. Notwithstandning the nomenclature, securities lending is usually achieved by means of title transfer - a "sale and | The process of lending out a [[securities]], either [[bonds]] or [[shares]], and commonly documented under a {{gmsla}}, in the case of shares, a {{gmra}} in the case of bonds, or a Prime Brokerage Agreement in the case of a [[Hedge Fund]]. Notwithstandning the nomenclature, securities lending is usually achieved by means of title transfer - a "sale and repurchase”, in other words. This leads to certain important legal considerations which you will find explored at greater depth in the anatomies referenced below. | ||
===See Also=== | ===See Also=== | ||
*[[GMSLA Anatomy]] | *[[GMSLA Anatomy]] | ||
*[[GMRA Anatomy]] | *[[GMRA Anatomy]] | ||
Revision as of 15:01, 8 September 2016
The process of lending out a securities, either bonds or shares, and commonly documented under a 2010 GMSLA, in the case of shares, a Global Master Repurchase Agreement in the case of bonds, or a Prime Brokerage Agreement in the case of a Hedge Fund. Notwithstandning the nomenclature, securities lending is usually achieved by means of title transfer - a "sale and repurchase”, in other words. This leads to certain important legal considerations which you will find explored at greater depth in the anatomies referenced below.