PASLA was incorporated in Hong Kong in 1995 and is and association of firms that are active in the business of borrowing and/or lending securities of Asian markets.
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PASLA provides a collective voice and an industry consensus on issues that affect the development of the securities lending business.
PASLA works with regional regulators and exchanges to assist in the further development of the securities lending business.
The Korea Securities Depository (KSD) has announced that they will adjust the valuation rates of eligible collaterals in Securities Lending and Borrowing (SLB) transactions, effective 1 January 2020.
The Taiwan Stock Exchange (TWSE) proposed to extend the tenor of the Securities Borrowing and Lending (SBL) transactions from the current six months with two roll-over allowed to eighteen months and allow one time roll-over. The maximum tenor of the SBL transaction would be three years in total. Due to the prolonged loan term, the TWSE proposed to adjust the collection frequency of the related fees, namely the SBL borrowing fee, the TWSE SBL service fee and SBL brokerage processing fee. Both the extended tenor and adjusted frequency for fee collection will tentatively be effective 3 August 2020, but still pending the TWSE’s final decision.
Bursa Malaysia amended the list of Securities Borrowing and Lending (SBL) eligible securities and the list of SBL approved securities for collateral. The effective date of the lists is 29 November 2019.
From the 2nd December, 2019 the Central Depository (Pte) Limited (CDP) will be changing fixed rates to variable ones within the Securities Borrowing and Lending (SBL) program.
ASIC has issued ASIC Corporations (Amendment) Instrument 2019/1056. This instrument amends ASIC Class Order [CO 14/443] to defer the first reporting day for Portfolio Holdings Disclosure (PHD) purposes to 31 December 2020 to facilitate the Government considering and settling its policy position on the PHD requirements, including making regulations to prescribe the content and format of disclosure. Reporting is due within 90 days of the commencement date.
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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.
Membership is open to any organisation that is a regular borrower or lender of securities or regularly enters into Repo transactions. The Board may decide to confer Honorary Member Status on institutions that do not meet this definition. Membership includes Access to Country Profiles on this websites, Summary of Executive Committee meetings and country updates and much more.
Comes with lot of membership benefits like Full access and invitation to meetings, Access to Country Profiles, Summary of Executive Committee meetings and country updates and much more.