Securities Lending

Securities Lending

Overview

This eCourse consists of two modules. Module 1 looks at the fundamental principles of securities lending, including the parties involved in a securities loan, the actual lending process, and any associated risks. The history and development of the market is also discussed in detail.

Module 2 describes the two types of securities loan structure. It also discusses the main types of risk associated with securities lending, in addition to the loan documentation and codes of practice used to mitigate some of those risks.

Objective

On completion of this course, you will be able to:

- Describe the key elements of a securities lending transaction 
- Explain the role of the main players in a securities loan 
- Describe the development of the securities lending market from the 1960s to the present day 
- Outline the typical steps involved in a securities loan 
- Describe the differences between securities lending transactions that are backed by cash collateral and those backed by non-cash collateral 
- Explain the key risks associated with securities loans 
- Outline the main documentation requirements for securities lending transactions

Content

Module 1: Securities Lending – An Introduction
Topic 1: Overview of Securities Lending
Topic 2: Market Participants 
Topic 3: Market Development 

Module 2: Securities Lending - Structures, Risks & Documentation
Topic 1: Lending Structures 
Topic 2: Risks of Securities Lending 
Topic 3: Documentation of Securities Loans

Details

Code
TEPFD17001501
Venue
ePlatform
Language
English
Level
Intermediate
Hours
SFC:2.0, PWMA:2.0
Fees
All Member: HK$560
Non-Member: HK$780
Staff of Corporate Member: HK$560