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The International Securities Lending Association (ISLA) is a leading non-profit industry association, representing the common interests of securities lending and financing market participants across Europe, Middle East and Africa. It's geographically diverse membership of over 180 firms includes institutional investors, asset managers, custodial banks, prime brokers and service providers.
Learn more about ISLAUpcoming ISLA Events
30
ISLA & ICMA Workshop: Securities Lending
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ISLA & ICMA Workshop: Securities Lending
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ISLA and the International Capital Market Association (ICMA) have partnered to run an in-person workshop across two days in May 2024 – 30 & 31.
Securities Lending has been an important activity within the securities marketplace for many years. Firms that choose to lend their equities and/or bonds do so in order to earn lending fees and to enhance their investment returns. Conversely, firms that choose to borrow securities typically do so primarily to meet delivery commitments and to receive sale proceeds in a timely fashion.
However, undertaking securities lending & borrowing transactions is not without risk. The mitigation of exposures is an essential daily task, involving the regular revaluation of both the lent/borrowed security and the associated collateral. Companies are also required to make margin calls on the counterparty and settlement of such margin calls.
Additionally, corporate actions may arise which can impact the lent security and/or securities collateral.
It is therefore of paramount importance that those responsible for processing such transactions possess a clear understanding of the risks involved, their potential exposures and critically, what mitigating measures are necessary.
Workshop Outcomes
By completing the course you will be able to:
Who should attend?
The course is suitable for personnel working within many departments of financial institutions such as operations, middle office, risk, legal, accounting and IT. The course is applicable to buy and sell-side firms, plus those working within central securities depositories and custodians.
The course is targeted towards those currently working within a securities lending department who would benefit from an all-round understanding of the topic. In addition, those who have had limited exposure to the topic but who require a greater understanding of the relationships between their work and securities lending & borrowing.
Day 1 – 30 May 2024
Time: 10:00 – 13.30 CEST / 09:00 – 12:30 BST
Day 2 – 31 May 2024
Time: 10:00 – 13.30 CEST / 09:00 – 12:30 BST
Venue:
Our classroom courses are delivered in-person at a confirmed location.
The Securities Lending classroom course will be delivered in London over 2 full days of training. Tea, coffee and light refreshments will be provided during the course but please note these courses are not catered. If you have any dietary requirements please let us know when you complete the registration form.
Delegates will be given access to our learning management system and the course materials before the live sessions, and will have access to those for a total of three months. During these three months you will have the option to keep working through the course materials at your own pace. Please note to ensure you book and take the exam within these three months.
Delegate Fees:
ICMA & ISLA Members: EUR 2,400.00 + VAT (if applicable)
Non Members: EUR 2,900.00 + VAT (if applicable)
*Our prices do not include travel/accommodation. Please do not book any logistics until you receive email confirmation that the course will go ahead. This will be provided 4 weeks in advance of the start date
For more information on programme recognition, the syllabus and further details covered by the workshop click on the button below.
09
ISLA & ICMA Workshop: Repo & Securities Lending Under the GMRA – GMSLA
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ISLA & ICMA Workshop: Repo & Securities Lending Under the GMRA – GMSLA
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ISLA and the International Capital Market Association (ICMA) have partnered to run an in-person workshop across three days in October 2024 – 9, 10 & 11 .
This course provides a solid and broad understanding of all key aspects of repo and securities lending and of the trading and post-trade management of these instruments within the frameworks provided by the GMRA and GMSLA. It is presented by a unique combination of experts with first-hand experience of all dimensions of repo and securities lending.
Although designed primarily for legal and documentation staff, the breadth of the course rigor provided by the documentary framework has made it very popular with staff with varied professional backgrounds and experience from a wide range of different types of institutions.
The GMRA-GMSLA workshop has been running since 2009.
Learning Outcomes
By completing this course you will be able to:
Delegates should:
Who should attend?
Although designed primarily for legal and documentation staff, the breadth of the course rigor provided by the documentary framework has made it very popular with staff with varied professional backgrounds and experience from a wide range of different types of institutions, including:
Venue:
Our classroom courses are delivered in-person at a confirmed location.
The Repo & Securities Lending under the GMRA-GMSLA course will be delivered in-person at the ICMA London offices across three full-days. Tea, coffee and light refreshments will be provided during the course but please note these courses are not catered. If you have any dietary requirements please let us know when you complete the registration form.
Delegates will be given access to our learning management system and the course materials before the live sessions, and will have access to those for a total of three months. During these three months you will have the option to keep working through the course materials at your own pace.
Delegate Fees:
ICMA & ISLA Members: EUR 3,300.00 + VAT (if applicable)
Non Members: EUR 4,100.00 + VAT (if applicable)
To register for this course, please download and complete the registration form and return to events@islaemea.org.
Upcoming Working Group Meetings
21
ISLA Tax Working Group
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ISLA Tax Working Group
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ISLA is very active through its specialist tax working group to understand and interpret how changes to relevant tax laws affect our markets. This includes working with relevant tax authorities and specialist law and advisory firms on behalf of the broader membership. This group also works with relevant member firms on the implications of changes to tax law on our Global Master Securities Lending Master Agreement.
Meeting Details
Date: 21 May 2024
Time: 15:30 BST
This meeting is open to member firms only. Participation is contingent on being part of the working group and by invitation only.
If you are not currently receiving details of these meetings, would like to be considered to be part of the group, or would like to see a list of working groups, please click here.
21
Regulatory Reporting Working Group
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Regulatory Reporting Working Group
url(https://www.islaemea.org/wp-content/uploads/2020/06/EVENTS-Working-Group.jpg)
The Regulatory Reporting Working Group (formerly known as the SFTR Working Group) has scope to also monitor developments in the SEC’s 10c-1a, SFDR and Short Selling Regulation (SSR) with member firms and other industry stakeholders, including fellow trade associations through multiple working groups and outreach streams.
This will be the second meeting where members will be able to evaluate ISLA’s SFTR Known Issues List – the meeting will be held virtually through the usual dial-in details in the meeting invitation.
Meeting Details
Date: 21 May 2024
Time: 15:00 BST
This meeting is open to member firms only. Participation is contingent on being part of the working group and by invitation only. As this group is currently closed for new members, we also offer dial in facilities for members to listen to proceedings.
If you are not currently receiving details of these meetings, would like to be considered to be part of the group, or would like to see a list of working groups, please click here.
29
Regulatory Reporting Working Group
Find out more
Regulatory Reporting Working Group
url(https://www.islaemea.org/wp-content/uploads/2020/06/EVENTS-Working-Group.jpg)
The Regulatory Reporting Working Group (formerly known as the SFTR Working Group) has scope to also monitor developments in the SEC’s 10c-1a, SFDR and Short Selling Regulation (SSR) with member firms and other industry stakeholders, including fellow trade associations through multiple working groups and outreach streams.
This will be the third meeting where members will be able to evaluate ISLA’s SFTR Known Issues List – the meeting will be held virtually through the usual dial-in details in the meeting invitation.
Meeting Details
Date: 29 May 2024
Time: 15:00 BST
This meeting is open to member firms only. Participation is contingent on being part of the working group and by invitation only. As this group is currently closed for new members, we also offer dial in facilities for members to listen to proceedings.
If you are not currently receiving details of these meetings, would like to be considered to be part of the group, or would like to see a list of working groups, please click here.