Legal Opinions

The International Securities Lending Association (ISLA) obtains legal opinions, updated annually in a joint exercise with the International Capital Markets Association (ICMA), for over 65 jurisdictions globally. Ensuring the enforceability of the netting provision of the GMSLA is a key objective for ISLA.

For detailed information on the scope, availability, and the SLAnalytics subscription from aosphere, please download ISLA Netting Opinions Explained.

Please note, the supporting legal opinions for the pledge structure can be found with related documentation within Legal Agreements.


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