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Apply For Membership

Thank you for your interest in PASLA. Membership of PASLA is available for all companies that are actively engaged in securities lending, borrowing, or repo in the Asian markets or are working to develop these capabilities.

There are 3 steps to apply for membership:

1 Click on the document link on the right to open the Application Form.  Complete the form by entering your information on the screen, print it off and sign it. Who Should Sign?. Application Form 
2 Click on the document link on the right to open the Member Appointment Form.  Complete the form then print it off on your company-headed paper and sign it. Who Should Sign?. Then send both forms to PASLA. Where to Send the Forms Application Form
3

Once your membership has been accepted by PASLA, please make the necessary payment to complete the membership process. How to Pay

Who Should Sign?

Both the Application for Membership and the Appointment of Corporate Representative will have to be signed by an authorised signatory of the entity (the "Company") that is to be the member of PASLA.

Although some of you have the powers to sign on behalf of the Company in relation to certain matters, for example, to enter securities lending agreements, unless you have the power to commit the Company to become a member of PASLA and to appoint a representative for the Company, you will not be able to sign the Application for Membership form or the Appointment of Corporate Representative form.

If it is the case that you have the power to sign on behalf of the Company, it will still be necessary to sign the forms appointing yourself as the Corporate Representative. The reason for this is so that PASLA will have a record of the representative for each Company.

Changes in Company Representative

Any future changes in the representative for your company will need to be done in writing to the PASLA secretary. If you would like to do this, please contact the current secretary of the Association (Yoshihiko Aoyama) who will advise you accordingly. His email address is yoshihiko.aoyama@blackrock.com

Where to Send the Forms

Please send both your completed Application Form and Member Appointment Form for the attention of the Treasurer, at the following address:

The Treasurer
The Pan Asian Securities Lending Association Limited
PO Box 6383
General Post Office
Hong Kong

How To Pay

Once approved by the Board, annual fees of USD 1,000 or HKD 7,800 may be paid in either of the following ways:

  • A cheque made payable to "The Pan Asia Securities Lending Association Limited"
  • Bank wire

For HK Dollar remittance:
The Hongkong & Shanghai Banking Corporation Limited
1 Queen's Road,
Central, Hong Kong
For credit of Pan Asia Securities Lending Association Limited HKD Current A/C no. 511-568776-001

For US Dollar remittance:
The Hongkong & Shanghai Banking Corporation Limited
1 Queen's Road,
Central, Hong Kong

For credit of Pan Asia Securities Lending Association Limited
USD Current A/C no. HK511568776


For wire transfer
The BIC code for HSBC for SWIFT payment is HSBCHKHHHKH

Responsibilities of Membership in PASLA

It is important to note that since PASLA is a registered company in Hong Kong, membership carries responsibilities under the Memorandum and Articles of Association of PASLA and under Hong Kong law. As such, it is important to follow the authorized signatory process described above. Additionally, the experience of the acting PASLA membership is that they have undergone an evaluation process to determine what entity (the “Company”) of their organization is to be the PASLA member.

PASLA Memorandum and Articles of Association
Click here to view our Memorandum and Articles of Association

PASLA meeting schedule
PASLA meetings, which are open to all members, are generally held on a quarterly basis.

Questions
Please contact us with any questions regarding the membership application materials or process.

We look forward to receiving your membership application!

Please be aware that PASLA follows strict data privacy policies and we will limit the collection and use of personal information to what is necessary to administer the Association and to provide you with the highest quality service.