ISLA publishes 2023 GMSLA netting opinions
14 April 2023 UK, Europe
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The International Securities Lending Association (ISLA) has released 2023 netting opinions to support the Global Master Securities Lending Agreement (GMSLA) relating to transfer of title-based securities lending transactions.
These opinions are accessible to Association members that subscribe to its nettings opinions service.
The ISLA Master Confirmation Agreement (MCA) has been extended to cover an additional 10 jurisdictions, offering a standard legal framework and set of trade terms that can be applied for “non-standard” trade types including evergreens and extendables.
The coverage provided by these netting opinions has been widened to embrace Taiwan, Malaysia and South Korea annexes to the 2010 GMSLA, which were developed by the Pan-Asia Securities Lending Association (PASLA) and have been adopted by ISLA. These are available through the ISLA and PASLA websites.
ISLA’s legal opinions service now extends to 64 jurisdictions and is updated annually through a joint exercise with the International Capital Markets Association.
These opinions are accessible to Association members that subscribe to its nettings opinions service.
The ISLA Master Confirmation Agreement (MCA) has been extended to cover an additional 10 jurisdictions, offering a standard legal framework and set of trade terms that can be applied for “non-standard” trade types including evergreens and extendables.
The coverage provided by these netting opinions has been widened to embrace Taiwan, Malaysia and South Korea annexes to the 2010 GMSLA, which were developed by the Pan-Asia Securities Lending Association (PASLA) and have been adopted by ISLA. These are available through the ISLA and PASLA websites.
ISLA’s legal opinions service now extends to 64 jurisdictions and is updated annually through a joint exercise with the International Capital Markets Association.
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