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

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 includes: An introduction to the history and operations of the marketA clear, user-friendly explanation of all paragraphs of the master agreementsAn easy-to use split page format with the original text and commentaryExamples of commonly negotiated additions and amendments and their implicationsAnswers to legal, risk and operational questions