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About ISLA

Who are we?

The International Securities Lending Association (ISLA) is a leading industry association, representing the common
interests of securities lending and financing market participants across Europe, Middle East and Africa. It has over
155 members, including institutional investors, asset managers, custodial banks, prime brokers and service providers.

What do we do?

Working closely with the global industry as well as regulators and policymakers, ISLA advocates the importance of
securities lending in the context of broader capital markets. ISLA supports the development of a safe and efficient
framework for the industry, by playing a pivotal role in promoting market best practice, amongst other things. ISLA
sponsors the Global Market Securities Lending Agreement (GMSLA) and the annual enforceability review in over 65
jurisdictions globally.

How do we do it?

Through member working groups, industry guidance, consultations and world class events and education, ISLA helps
to steer the direction of the industry and is one of the most influential voices on the global stage.
Further details may be found at: www.isla.co.uk

Disclaimer

While we have made every attempt to ensure that the information contained in this report 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. The contribution of thought leadership content has
come from external third parties. Inclusion in this report does not suggest any specific endorsement by ISLA of their products and services.

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