Mastering Securities Lending Documentation: A Practical Guide to the Main European and US Master Securities Lending Agreements

by Paul C. Harding, Christian A. Johnson

Securities lending master agreements are vital for covering securities loans between contracting parties. They also offer legal and credit protection and a close-out netting procedure if a party defaults or goes bankrupt. These agreements are widely used by banks, securities houses, pension funds, hedge funds and insurance companies. Mastering Securities Lending Documentation is a practical guide to understanding the negotiation of these master agreements used in the United Kingdom, United States and Europe. It is an essential handbook for anyone involved in negotiating these agreements and

792 pages, Paperback

First published July 21, 2011