Lending Agent definition

Lending Agent means State Street Bank and Trust Company acting in its capacity as agent for the Borrower under the Securities Lending Agreement.

Lending Agent. A Clearing Participant who has been approved by the Clearing House to perform certain functions with respect to lending of Securities by the Lending Participant or the Lender to the Clearing House in a Bursa SBL Transaction as specified in these Rules or any directives, circulars or instructions issued by the Clearing House and who is appointed as an agent to act on behalf of the Lending Participant or the Lender in respect of these functions;

Lending Agent means State Street Bank and Trust Company acting in its capacity as agent for Borrower under the SLAA.

Examples of Lending Agent in a sentence

• Collateral received is segregated from the assets belonging to each Funds’ Depositary or the Securities Lending Agent.

• Securities lending transactions entered into by the Funds are subject to a written legal agreement between the Funds and the Securities Lending Agent, BlackRock Advisors (UK) Limited, a related party to the Company, and separately between the Securities Lending Agent and the approved borrowing counterparty.

• The Client also acknowledges that, to the extent that either the Client or the Approved Borrower is a non-U.S. resident, the Lending Agent may be required to withhold tax on amounts payable to or by the Client pursuant to a securities loan and may at any time claim from the Client any shortfall in the amount so withheld.

• In such case, the Lending Agent agrees to seek satisfaction of all obligations of such Client hereunder solely out of the assets of the series on whose behalf the Transaction(s) giving to the obligations was entered into.

• The Lending Agent shall use Collateral or the proceeds of such Collateral to the extent available to make such payments of distributions.

More Definitions of Lending Agent

Lending Agent means a person who is authorised to lend shares as agent for a principal;

Lending Agent means PledgeMe or a person nominated by PledgeMe to administer the Loans and take Enforcement Action on behalf of the Participating Lenders. Loan means a loan made by Participating Lenders to a Borrower through the Platform.

Lending Agent means State Street Bank and Trust Company, in its capacity as lending agent pursuant to a Securities Lending Agreement;

Lending Agent means the Bank of New York Mellon, in its capacity as lending agent pursuant to the Securities Lending Agreement.

Lending Agent means an SLB agent authorized to conduct securities lending transactions on behalf of others;

Lending Agent means a company duly registered as a market maker, custodian, licensed dealing member or any other market participant who acts as a principal intermediary or an agent intermediary through whomthe lender will deposit the securities for lending and the borrower will borrow the securities.

Lending Agent means a third party who is not a party to a securities lending agreement but who provides support services to securities lenders including the monitoring of loans, the negotiation of lending fees or rebate rates, and the management of collateral;