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Securities lending: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{tag|Stock lending}} refers generally to the loan of equity securities under a {{gmsla}} or a {{msla}} (or similar documents, and is often mentioned in the same breath as {{t...") |
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{{tag|Stock lending}} refers generally to the loan of equity securities under a {{gmsla}} or a {{msla}} (or similar documents, and is often mentioned in the same breath as {{tag|repo}}. | {{tag|Stock lending}} refers generally to the loan of equity securities under a {{gmsla}} or a {{msla}} (or similar documents, and is often mentioned in the same breath as {{tag|repo}}. | ||
Definitions: Defined in the [[Capital Adequacy Directive]] {{eudirective|2006|49|EC}} as | |||
{{quote|'''securities or commodities lending''' and '''securities or commodities borrowing''' mean any transaction in which an institution or its counterparty transfers securities or commodities against appropriate collateral, subject to a commitment that the borrower will return equivalent securities or commodities at some future date or when requested to do so by the transferor, that transaction being securities or commodities lending for the institution transferring the securities or commodities and being securities or commodities borrowing for the institution to which they are transferred;}} | |||
{{gmslaanatomy}} | {{gmslaanatomy}} | ||