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Initial margin on a repo transaction. Generally expressed as a percentage of the market price.
A characteristic or feature of a cross-border arrangement that presents an indication of a potential risk of tax avoidance.
A leveraged investment fund that engages in trading and hedging strategies, frequently using leverage.
Level one assets include Federal Reserve bank balances, foreign resources that can be withdrawn quickly, securities issued or guaranteed by specific sovereign entities, and US government-issued or guaranteed securities.
An arrangement under which securities are not physically delivered to the borrower (lender), but are simply segregated by the lender in an internal customer account.
A particular security that is in high demand in relation to its availability in the market and is thus relatively expensive or difficult to borrow.