Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. ISLA publish GMSLA 2019 legal opinions
Industry news

ISLA publish GMSLA 2019 legal opinions


10 April 2019 London
Reporter: Maddie Saghir

Generic business image for news article
Image: Shutterstock
The International Íø±¬³Ô¹Ï Lending Association (ISLA) has published the 2019 updates to the legal netting opinions which support the Global Master Íø±¬³Ô¹Ï Lending Agreement (GMSLA) for the securities lending industry.

ISLA explained that updates have been obtained only for jurisdictions which are non-EU member states.

Once there is sufficient clarity on the arrangement for the UK leaving the EU, ISLA will schedule the update of the EU member state opinions, including the legal opinions for England and Scotland.

The 2019 opinions cover both the enforceability of the netting provisions of the documents as well as the validity of documents as a whole.

It was further noted by ISLA that while all 2019 opinions cover as a minimum; companies, banks, and securities dealers, many also cover insurance companies, hedge funds and mutual funds as parties to the GMSLAs and legacy documentation where relevant.

Next industry article →

Digital Asset and ISDA introduce new tool
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ ISLA

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ ISLA
→ Hedge

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →