Examples of Securities lending in a sentence
Securities Lending Risk: Securities lending involves the risk that the borrower may fail to return the securities in a timely manner or at all.
By entering into this Agreement, Customer understands and acknowledges that Customer is also agreeing to enroll into the Clearing Broker’s Fully-Paid Securities Lending Program (the “Fully-Paid Securities Lending Program”).
For the avoidance of doubt, Customer explicitly acknowledges and understands that Customer is not required to participate in the Fully-Paid Securities Lending Program and may, at Customer’s election, opt-out of the Fully-Paid Securities Lending Program at any time by contacting xxxxxxx@xxxxxxxx.xxx.
For more information, Counterparty should refer to the document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation’s Fully-Paid Securities Lending Program.
The Global Master Securities Lending Agreement (GMSLA), published by the International Se-curities Lending Association (ISLA), is the model agreement for securities lending on the international market.