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About ISLA

The International Securities Lending Association (ISLA) Through member working groups, industry guidance,
is a leading non-profit industry association, representing consultations and first-class events, ISLA plays a pivotal
the common interests of securities lending and financing role in the creation and promotion of market best practices
market participants across Europe, Middle East and Africa. and processes, thought leadership, standards for legal
Its geographically diverse membership of over 190 firms frameworks, and securities lending guides and related
includes institutional investors, asset managers, custodial documents.
banks, prime brokers and service providers.
Found here: www.islaemea.org/about-isla
Working closely with the industry, as well as national,
regional, and global regulators and policy makers, ISLA
advocates for, amongst other things, the importance of
securities lending to the broader financial services industry.
It supports both the Global Master Securities Lending
Agreement (GMSLA) legal framework, including the Title
Transfer and Securities Interest over Collateral variants,
as well as the periodical enforceability and security
enforcement across global jurisdictions.

General Enquiries
Email: support@islaemea.org | www.islaemea.org

Disclaimer

While we have made every attempt to ensure that the information contained in this paper has been obtained
from reliable sources, the International Securities Lending Association (ISLA) is not responsible for any errors or
omissions, or for the results obtained from the use of this information. All information in this Report is provided
“as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this
information, and without warranty of any kind, express or implied, including, but not limited to warranties of
performance, merchantability and fitness for a particular purpose. Nothing herein shall to any extent substitute
for the independent investigations and the sound technical and business judgment of the reader. In no event will
ISLA, or its Board Members, employees or agents, be liable to you or anyone else for any decision made or action
taken in reliance on the information in this Report or for any consequential, special or similar damages, even if
advised of the possibility of such damages.