Securities Lending and Borrowing
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.
Course 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”)
- 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
Duration
1 day for up to 12 participants
Target Audience
Financial service professionals with more than 2 years experience who want to understand securities lending and borrowing.