Securities Lending and Borrowing definition

Securities Lending and Borrowing means any transaction undertaken by a Market Participant under an Equity or Debt Instrument lending or borrowing agreement, a repurchase or reverse repurchase agreement or an agreement for the sale and buyback of Equity or Debt Instruments.
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Securities Lending and Borrowing means lending of securities by the lender and borrowing of securities by the borrower, through platform provided by an authorized intermediary, as provided in Chapter V;
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Securities Lending and Borrowing. HGK DOES NOT ENGAGE IN ANY LENDING OR BORROWING OF SECURITIES ON BEHALF OF OUR CLIENTS, ALTHOUGH THE CLIENTS AND THEIR CUSTODIAN BANKS MAY DO SO INDEPENDENTLY OF HGK. IN THE EVENT WE DO SO IN THE FUTURE, APPROPRIATE POLICIES AND PROCEDURES WILL BE DEVELOPED AND IMPLEMENTED. >> WRAP FEE PROGRAMS: HGK DOES NOT SPONSOR OR PARTICIPATE IN ANY WRAP FEE PROGRAMS. IN THE EVENT WE DO SO IN THE FUTURE, APPROPRIATE POLICIES AND PROCEDURES WILL BE DEVELOPED AND IMPLEMENTED. PRIMARY RESPONSIBILITY FOR COMPLIANCE: ALL PORTFOLIO MANAGERS RESPONSIBILITY FOR MONITORING AND REVIEW: CHIEF COMPLIANCE OFFICER 1.4 ERISA BACKGROUND AND RATIONALE HGK acts as investment adviser for many Clients governed by ERISA. As an investment manager and a fiduciary with special responsibilities under ERISA, and as a matter of policy, HGK is responsible for acting solely in July 27, 2006 30 1047066 ================================================================================ HGK ASSET MANAGEMENT THE CODE OF ETHICS AND THE POLICIES AND PROCEDURES MANUAL ================================================================================ the interests of the Plan participants and beneficiaries. ERISA imposes duties on investment advisers that may exceed the scope of an adviser's duties to its other clients. For example, ERISA specifically prohibits certain types of transactions with ERISA plan clients that are permissible (with appropriate disclosure) for other types of clients. ERISA also prohibits investment managers from refusing to take proxy voting responsibility when plan documents do not reserve that responsibility for the plan trustees or other parties. In certain instances, the Internal Revenue Code may impose requirements on non-ERISA retirement accounts that may mirror ERISA requirements. POLICIES AND PROCEDURES >> ALL CLIENT ASSETS WILL BE MANAGED CONSISTENTLY WITH THE "PRUDENT MAN RULE," EXERCISING PROXY VOTING AUTHORITY IF NOT RETAINED BY A PLAN FIDUCIARY, MAINTAINING ANY ERISA BONDING THAT MAY BE REQUIRED, AND OBTAINING WRITTEN INVESTMENT GUIDELINES/POLICY STATEMENTS, AS APPROPRIATE. >> THE CHIEF COMPLIANCE OFFICER WILL ENSURE THAT PROXY VOTING FUNCTIONS ARE PROPERLY MET AND THAT ERISA PLAN CLIENT PROXIES ARE VOTED IN THE BEST INTERESTS OF THE PLAN PARTICIPANTS. >> ALL PORTFOLIO MANAGERS AND THE OPERATIONS MANAGER SHOULD BE AWARE AND PERIODICALLY REVIEW ANY CLIENT'S WRITTEN INVESTMENT POLICY STATEMENT/GUIDELINES SO AS TO BE CURRENT AND REFLECT A CLIENT'S OBJECTIVES AND GUIDELINES. ...
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Examples of Securities Lending and Borrowing in a sentence

  • The unencumbered shares in a scheme shall mean shares that are not part of Securities Lending and Borrowing Mechanism (SLBM), margin or any other kind of encumbrances.

  • The unencumbered shares in a scheme shall mean shares that are not part of Securities Lending and Borrowing Mechanism (SLBM), margin or any other kind of encumbrance.

  • These requirements do not apply to a stock lending transaction made through Euroclear Bank SA/NV's Securities Lending and Borrowing Programme.

  • Paragraph 44.3.3 does not apply to a stock lending transaction made through Euroclear Bank SA/NV’s Securities Lending and Borrowing Programme.

  • Furthermore, the Fund may for efficient portfolio management purposes resort to Securities Lending and Borrowing and Repurchase Agreement Transactions provided that the following rules be complied with.

  • Derivative product namely Deliverable Futures Contract, Cash Settled Futures Contract, Stock Index Futures Contract and Index Options Contracts and leveraged products namely Margin Trading System, Margin Financing and Securities Lending and Borrowing are available for trading at stock exchange.

  • Accordingly, the Scheme may participate in Securities Lending and Borrowing program through approved intermediaries in accordance with the terms of securities lending scheme announced by SEBI.

  • Securities Lending and Borrowing can be undertaken by the Participant either on their own account or on account of its Client registered with them.

  • As per the said SEBI Circular, AI is also required to frame rights and obligations document laying down the rights and obligations of the Participant and its Client for the purpose of Securities Lending and Borrowing.

  • Under the said SEBI Circular, AI shall enter into an agreement with its Clearing Member/Participant (“Agreement”) for the purpose of facilitating Securities Lending and Borrowing and which shall specify the rights, responsibilities and obligations of the AI and the Clearing Member/Participant (“Participant”).

Related to Securities Lending and Borrowing

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans of the same Class.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Lenders pursuant to Section 2.01(b).

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • Swingline Borrowing means a borrowing of a Swingline Loan pursuant to Section 2.04.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.