securities financing transaction
- (a) a repurchase transaction; or
- (c) a margin lending transaction.
(1) (in COBS, in CASS) an instance of stock lending or stock borrowing or the lending or borrowing of other financial instruments, a repurchase or reverse repurchase transaction, or a buy-sell back or sell-buy back transaction.49
(2) (in any other case) any of the following:49