Status: You are viewing the version of the handbook as on 2016-10-03.

securities financing 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

    [Note: article 2(10) of the MiFID Regulation]49

    154(1A) (in COLL and FUND) a transaction defined in article 3(11) of the Securities Financing Transactions Regulation as follows:

      1. 154(a) a repurchase transaction, as defined in article 3(9) of the SFTR;
      1. 154(b) securities or commodities lending and securities or commodities borrowing as defined in article 3(7) of the SFTR;
      1. 154(c) a buy-sell back transaction or sell-buy back transaction as defined in article 3(8) of the SFTR; and
      1. 154(d) a margin lending transaction as defined in article 3(10) of the SFTR.

    (2) (in any other case) any of the following:49

      1. (a) a repurchase transaction; or
      1. (b) a securities or commodities lending or borrowing transaction; or
      1. (c) a margin lending transaction.