Can’t find a specific document or legacy agreement?
As part of its commitment to support the use of global master agreements for the securities lending industry, ISLA has developed a pledge collateral version of the existing Global Master Securities Lending Agreement (GMSLA). The new agreement is based on the existing GMSLA 2010 and provides ISLA members with an alternative to the title transfer framework.
ISLA members have access to the master agreement, as well as the the various supporting security agreements and legal opinions. To access the supporting Tri-party Control Agreements (“TACA”), members need to contact their tri-party business representative directly.
The tri-party agents that ISLA has worked with are BNY Mellon, Clearstream, Euroclear and J P Morgan.
Further information on the documentation can be found in ‘GMSLA 2018 – Pledge Overview & FAQ’s’
27 May 2020
ISLA Publishes Revised 2020 US Tax Addendum to GMSLA
ISLA has now published the revised 2020 US Tax Addendum to the GMSLA 2010, along with supporting guidance notes. The new addendum pr...Read more
1 May 2020
ISLA Publish Bankruptcy Remoteness Opinions to Support the GMSLA Security Interest over Collateral Agreement
ISLA is delighted to announce the release of four additional bankruptcy remoteness opinions to support the Global Master Securities Len...Read more
16 April 2020
ISLA Publish 2020 Legal Opinions for the GMSLA
The International Securities Lending Association (ISLA) has today published the 2020 updates to the opinions that support the Global Ma...Read more
Already a member? Login to your account
Interested in Becoming a Member?
ISLA’s members span the breadth and depth of the securities lending industry, and there are many benefits of joining the Association’s network.Become a member today