securities borrowing

securities borrowing
Securities finance mechanism that involves transferring full ownership of securities, with or without a guarantee, with a contractual agreement that the seller will repurchase the securities in return for the guarantee, if there is a guarantee, at an agreed price and date. The lending of securities in exchange for a fee. Securities lending is mostly facilitated by CSDs, but not offered directly. (I)CSDs and banks, such as custodians that directly offer securities lending, possess a banking license and are regulated by existing banking law.

Euroclear glossary. 2008.

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  • Terra Securities scandal — [ Terra Securities] The Terra Securities scandal was a scandal that became public in November 2007 and involved highly speculative investments by eight municipalities of Norway in various hedge funds in the United States bond market.Mark Landler …   Wikipedia

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