Resources

The Bank of Canada discusses the organization of the securities lending market in Canada in their July 2019 discussion paper. [MORE]

Securities lending transactions have become, and are likely to remain, an important element of modern financial markets. This report … [MORE]

Financial market participants rely on access to low-cost funding and to specific securities for their operations… report available in PDF

The Global Financial Markets Association (GFMA) and the International Capital Market Association (ICMA) have today published a report, The GFMA and ICMA Repo Market Study: … [MORE]

Reeve Serman, president of the Canadian Securities Lending Association (Casla), reveals the organisation’s work agenda for the next 12 months Since Casla’s inception only three some years ago, it has established itself as a credible, industry-recognised association both in Canada and abroad. Casla will continue to work on expanding its reach and develop meaningful working … Read more

November 22, 2012 – FSB Consultative Document on Securities Lending and Repos.

The Ministry of Finance has amended Section 260 of the Finance Act redefining the definition of a qualified security for purposes of Securities Lending. Please click here for full the update.

Dodd Frank Section 165 Section (d) and (e) are applicable to Securities Lending arrangements for US providers and will have certain implications and impacts on the industry. RMA has published a comment letter on issues concerning application of the proposed rulemaking’s single-counterparty credit limits to Agency Securities Lending Programs in the US and related transactions. … Read more

Changes include: 1) Repealing the tick test 2) Imposing a pre-borrow requirement under certain circumstances. 3) ‘Short Designation’ requirement: applicable sell orders for short selling purposes will require a ‘short’ designation. 4) ‘Short-Marking Exempt’ designation: intended for qualified neutral trade activity. Related market participants should ensure they are familiar with the IIROC requirements and ensure … Read more

Canadian market participants met up at the CASLA Conference to discuss the effects of the eurozone crisis, trends in collateral, regulation and improvements in technology. Participants: Chair: Annabelle Palmer, Global Investor/ISF Charles Murray, Vice President, State Street Oberon Knapp, Senior Vice President, business development, eSecLending Nathalie Bockler, Managing Director and Head of Equity finance sales … Read more