Securities lending - Revision history

imported>Doug Williamson: Add alternative name - source - Practical Law - https://uk.practicallaw.thomsonreuters.com/4-107-7322?transitionType=Default&contextData=(sc.Default)&firstPage=true

2022-06-20T07:52:13Z

Add alternative name - source - Practical Law - https://uk.practicallaw.thomsonreuters.com/4-107-7322?transitionType=Default&contextData=(sc.Default)&firstPage=true

← Older revision		Revision as of 07:52, 20 June 2022
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	In essence, the lender will retain the key rights they would have had if they had not lent the securities, except they will need to make special arrangements if they want to vote on the shares.		In essence, the lender will retain the key rights they would have had if they had not lent the securities, except they will need to make special arrangements if they want to vote on the shares.


			Securities lending is also known as ''stock lending''.

imported>Doug Williamson: Add category.

2020-10-08T14:09:39Z

Add category.

← Older revision		Revision as of 14:09, 8 October 2020
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	* [[Share]]		* [[Share]]
	* [[UK Money Markets Code]]		* [[UK Money Markets Code]]

			[[Category:Financial_products_and_markets]]

imported>Doug Williamson: Link with Manufactured dividend and Repurchase agreement pages.

2017-06-25T17:21:45Z

Link with Manufactured dividend and Repurchase agreement pages.

← Older revision		Revision as of 17:21, 25 June 2017
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	The borrower also gives the lender collateral in the form of shares, bonds or cash.		The borrower also gives the lender collateral in the form of shares, bonds or cash.

	The borrower pays the lender a fee each month for the loan and is contractually		The borrower pays the lender a fee each month for the loan and is contractually obliged to return the securities on demand within the standard market settlement period (e.g. three days for UK equities).
	obliged to return the securities on demand within the standard market settlement
	period (e.g. three days for UK equities).


	The borrower will also pass over to the lender any dividends or interest received, and corporate actions that may arise.		The borrower will also pass over to the lender any dividends or interest received, and corporate actions that may arise.

	In essence, the lender will retain the key rights they would have had if they had		In essence, the lender will retain the key rights they would have had if they had not lent the securities, except they will need to make special arrangements if they want to vote on the shares.
	not lent the securities, except they will need to make special arrangements if they
	want to vote on the shares.


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	* [[Equity]]		* [[Equity]]
	* [[Irrevocable]]		* [[Irrevocable]]
			* [[Manufactured dividend]]
	* [[Prime brokerage]]		* [[Prime brokerage]]
			* [[Repurchase agreement]]
	* [[Security]]		* [[Security]]
	* [[Share]]		* [[Share]]
	* [[UK Money Markets Code]]		* [[UK Money Markets Code]]

imported>Doug Williamson: Link with UK Money Markets Code page.

2017-06-25T13:47:32Z

Link with UK Money Markets Code page.

← Older revision		Revision as of 13:47, 25 June 2017
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	* [[Security]]		* [[Security]]
	* [[Share]]		* [[Share]]
			* [[UK Money Markets Code]]

imported>Doug Williamson: Link with All-in dividend page.

2017-06-25T12:28:03Z

Link with All-in dividend page.

← Older revision		Revision as of 12:28, 25 June 2017
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	== See also ==		== See also ==
			* [[All-in dividend]]
	* [[Bond]]		* [[Bond]]
	* [[Collateral]]		* [[Collateral]]

imported>Doug Williamson: Create the page. Source: Bank of England http://www.bankofengland.co.uk/markets/Documents/gilts/sl_intro_green_9_10.pdf

2016-11-13T14:05:00Z

Create the page. Source: Bank of England http://www.bankofengland.co.uk/markets/Documents/gilts/sl_intro_green_9_10.pdf

New page

Legally, a securities loan is the transfer of title in shares or bonds, against an irrevocable undertaking to return equivalent securities.

The borrower also gives the lender collateral in the form of shares, bonds or cash.

The borrower pays the lender a fee each month for the loan and is contractually
obliged to return the securities on demand within the standard market settlement
period (e.g. three days for UK equities).

The borrower will also pass over to the lender any dividends or interest received, and corporate actions that may arise.

In essence, the lender will retain the key rights they would have had if they had
not lent the securities, except they will need to make special arrangements if they
want to vote on the shares.

== See also ==
* [[Bond]]
* [[Collateral]]
* [[Equity]]
* [[Irrevocable]]
* [[Prime brokerage]]
* [[Security]]
* [[Share]]