About Securities Lending and Borrowing Pathway

When investors purchase securities, they can leverage their assets to earn additional income by temporarily lending them to others. Furthermore, there may be situations where investors need to access certain securities that are not available through traditional means, leading to the development of the securities lending and borrowing market. In this pathway, securities lending expert Richard Commotto, will guide us through the intricacies of securities lending, starting with the fundamentals before delving into more advanced topics. These include the various types of collateral utilised in transactions, the intricate economics and accounting principles involved, the Global Master Securities Lending Agreement (GMSLA), as well as the potential operational risks that must be considered, to name a few.

In this pathway

Pathway experts

Richard Comotto

Money Markets Expert

Senior Visiting Fellow at the ICMA Centre at the University of Reading, consultant to the International Capital Market Association (ICMA) and its European Repo and Collateral Council (ERCC). Technical expert to the IMF, Asian Development Bank and Frontclear market development company on money market and repo market development in Asia and Africa.