About Us

About PASLA

Welcome

Securities borrowing and lending is a very competitive business. While individual firms involved in the business may have their own unique marketing and business development strategies in Asia, the member firms believe that PASLA, as a collective group of major firms in the industry, provides an important benefit to Asian securities regulators, stock exchanges, and monetary authorities by providing an "industry consensus" on issues that affect the development of the securities lending business.

Who We Are

PASLA wishes to offer its assistance in the further development of the securities lending business. Our feedback from regulators and exchange officials that PASLA has worked with to-date has been very positive and they have appreciated the ability to work with PASLA as an efficient means of liaising with the industry.

LET'S START

Securities Lending Explained

From it's initial "back room" roots, securities lending has become an integral part of the capital markets. The business, which originated in the United States in the early 80's, has expanded rapidly in recent years and is now a 24 hour global activity. Securities lending adds liquidity and efficiency to the market place and supports trading activities/strategies in all major markets, as well as some of the emerging markets.

Securities lending provides the lender of securities with a low risk yield enhancement to his portfolio, while enabling the borrower to cover failed trades and to hedge/arbitrage in the market.

Documentation

To select, click on the title.

Market Agreements

Australia: GMSLA 2010 Tax Addendum GMSLA Addenda Explained Hong Kong: Draft HK Rider to GMSLA GMSLA 2000 - Amendment Template GMSLA 2000 - Default Notice Template GMSLA 2000 - Mini Close Out Notice Template GMSLA 2000 - Termination Notice Template GMSLA 2010 - Amendment Template GMSLA 2010 - Default Notice Template GMSLA 2010 - Mini Close Out Notice Template GMSLA 2010 - Termination Notice Template Thailand: GMSLA Addenda Enforceability Opinion Thailand: GMSLA Offshore Addendum Thailand: GMSLA Onshore Addendum Korea: GMSLA KSFC Addendum Korea: GMSLA KSFC Addendum Enforceability Opinion Malaysia: GMSLA Country Addendum Taiwan: GMSLA Country Addendum Korea: GMSLA Broker Addendum Korea: GMSLA KSD Addendum Global Master Securities Lending Agreement - 2010 Version (GMSLA) Guidance Notes for the 2010 GMSLA Legal opinion for the 2000 GMSLA Global Master Securities Lending Agreement - 2000 Version(GMSLA) Guidance Notes for the 2000 GMSLA

Key Documents

Articles of Association

Our Articles of Association