SBL transaction definition
SBL transaction means any securities borrowing and lending transaction that is entered into between the authorised Clearing House and Eligible Participants enabling the authorised Clearing House to borrow or lend Eligible Securities from or to such Eligible Participants as the authorised Clearing House may determine; “Stock Exchange” means the body corporate which has been approved by the Minister of Finance under section 8 of the SIA; “Trading Clearing Participant” or“Non-Trading Clearing Participant” means a person who, in accordance with the rules of a recognised clearing house, may participate in one or more of the services provided by the recognised clearing house for the clearing and settlement transactions or trades effected on the stock market of a stock exchange or subject to the rules of a stockexchange.