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The International Securities Lending Association (ISLA) and the Pan Asia Securities Lending Association (PASLA) have today entered into a legal services arrangement for GMSLA documentation.
The arrangement regarding the Global Master Securities Lending Agreement (GMSLA) will facilitate the development of future annexes and addendums identified as requisites for securities lending activity in Asia Pacific markets.
This step toward digitisation of industry documentation was announced last month with the objective of enabling firms to access market-standard templates, which promote the adoption of standard provisions across the securities lending market.
All the latest addendums and country annexes to the GMSLA are available to ISLA and PASLA members on the ISLA website.
