Securities Lending

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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.

See Also

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