Documentation of Securities Lending and Repos Operations

  1/2 day
Course objectives

  • Know the outline of the legal and regulatory framework applicable to lending and pensions operations
  • Understand the overall architecture of the market documentation used for the lending and repos operations
  • Identify the key points of the documentation used for the negotiation of securities lending and repos
Course content

The applicable regulatory framework

  • Objectives of lending securities and repos
  • Applicable rules on such operations
  • Who can enter into security lending and pension transactions?

Analysis of the framework agreements of lending securities

  • Contractual architecture
  • Main mechanisms and convention principles
  • Sections overview
  • Main differences between the GMSLA 2000 and GMSLA 2010

Analysis of framework agreements of repos(GMRA/ FBF)

  • Contractual architecture
  • Main mechanisms and convention principles
  • Sections overview

General principles of documentation of lending securities and repos collateralization

  • Contractual architecture
  • Main terms of the documentation of collateralization