Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1020aa
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1020AA
Character Range: 4455781–4456553

1020AA  Meaning of securities lending arrangement
  A securities lending arrangement is an arrangement under which:
 (a) one entity (the lender) agrees that it will:
 (i) deliver particular securities, managed investment products, foreign passport fund products or other financial products to another entity (the borrower) or to an entity nominated by the borrower; and
 (ii) vest title in those products in the entity to which they are delivered; and
 (b) the borrower agrees that it will, after the lender does the things mentioned in paragraph (a):
 (i) deliver the products (or equivalent products) to the lender or to an entity nominated by the lender; and
 (ii) vest title in those products (or those equivalent products) in the entity to which they are delivered.