Search

ISLA logo

Specific Requirements for Returns

Specific Requirements for Returns

Where there are specific requirements in place to process/book/accept returns, these requirements should be bilaterally agreed and documented between the market participants prior to trade booking and implementation. It is recommended that counterparties ensure there are no reconciliation or contract differences on a position prior to a return being booked on settled. Booking and settling returns on a position that is not fully reconciled and agreed by both market participants is likely to create further processing issues at a later stage in the trade life-cycle for example billing. (IBP-135 AGREED IN 2017)

Close

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