PASLA was incorporated in Hong Kong in 1995 and is an association of firms that are active in the business of borrowing and/or lending securities in Asian markets.
LET'S START
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.
Korea Securities Depository (KSD) has amended the Securities Borrowing and Lending (SBL) regulations to classify SBL participants into ten levels and differentiate each of their borrowing limits depending on their credit ratings. The effective date is 01 July 2021.
This is likely to have minimal impact on foreign investors.
Thanks to the PASLA members who have already taken the time to complete our survey.
The survey remains open until the end of day tomorrow so please take this opportunity to ensure that PASLA creates output that is relevant to you.
The survey is not just for the official PASLA representatives as we would like to get input from as many stakeholders as possible.
PASLA and RMA have launched the Global Framework for ESG and Securities Lending (GFESL). Presented in partnership by the two industry associations, the GFESL aims to provide a starting point in helping institutional investors apply Environmental, Social and Governance principles to their securities lending programmes in alignment with their organisational ESG policies.
The GFESL provides standardised options, essential background and key considerations across the six main touchpoints between securities finance and ESG – including voting rights, transparency in the lending chain and lending over dividend record dates – as well as suggestions on best practice in each case.
This first edition of the GFESL offers practical and technical guidance to institutional investors or beneficial owners in particular and can be found on the link below. Subsequent iterations are expected to focus more on the relevance of ESG to other stakeholders in securities lending, such as exchanges and regulators.
We would like to gather your views on areas that PASLA could focus on going forward.
We would appreciate it if you could take 2 minutes to complete our survey to help ensure that PASLA delivers services that respond to your needs.
Pursuant to the amendment of the Civil Law, the Taiwan Stock Exchange (TWSE) will amend the lending rate ceiling for the competitive bidding and negotiated type of Securities Borrowing and Lending (SBL) transactions from 20 percent to 16 percent effective 20 July 2021.
For the competitive bidding of SBL trades, the outstanding loans must be returned by 19 July 2021. For negotiated types of SBL trades conducted through the TWSE and the local brokers, the outstanding loans must be either re-rated or returned by 19 July 2021.
All News
All Events
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, summaries of Executive Committee meetings, country updates and much more.