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.
ASIC's Consultation Paper CP319 seeking feedback on proposed legislative relief that aims to improve substantial holding disclosure whilst also reducing red tape.
The deadline for feedback is the 9th of September, 2019.
The Korea Exchange (KRX) announced that the revised Short Selling Rules of the KRX Market Business Regulations will become effective from 01 August 2019.
Japan will move to a 2-day settlement cycle (T+2) for equity trades executed with effect from 16 July 2019 (Trade Date basis). As a result, a double settlement date will occur on 18 July 2019 for trades executed on 12 July 2019 and 16 July 2019.
Due to the current condition of negative interest rates in the international market, the Taiwan Stock Exchange (TWSE) will stop accepting EUR and JPY as cash collateral for fixed-rate and competitive-bidding type of Securities Borrowing and Lending (SBL) transactions starting close of business on 5 July 2019.
After the change, eligible cash collateral for fixed-rate and competitive-bidding type of SBL transactions under the TWSE SBL platform will be: USD, GBP, AUD and HKD.
Hong Kong's Securities and Futures Commission has approved amendments to the Procedures for the purpose of introducing a new buy-in exemption for Exchange Traded Product transactions. Under the exemption, a buy-in may be available to give Securities Market Makers one extra day in addition to the standard settlement period to cover any short positions resulting from their market making activities.
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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.