| Category |
Securities |
| Description |
Securities lending and borrowing have become an integral part of securities
markets. Without them, market liquidity and settlement efficiency would be greatly
reduced. This course provides participants with a good understanding of securities
lending and borrowing, its characteristics and procedures. The course also covers
repurchase agreements (“repos”) and sell/buy-back agreements. |
| Content |
- Market for securities lending and borrowing
- Players in securities lending and their roles
- Uses of securities borrowing in short sales, settlement failures and speculation
- Market procedures for lending and borrowing securities
- Collateral for securities lending and borrowing
- Variations on securities lending and borrowing
- Repurchase agreements (“repos”) and the different approaches to them
- Sell/buy-back agreements
- Securities lending and repos in central securities depositories
- Regulatory, tax and risk issues impacting securities lending and borrowing
- New trends impacting securities lending
|
| Audience |
up to 12 participants |
| Duration |
1
days |
