Russia – NFA Securities Lending Documents

Russia – NFA Securities Lending Documents

On 12 November 2021, RUS NFA considered terms for external consultants.

  • RUS NFA group members considered options for choosing a consultant for the audit of legislation and a law firm for adapting documentation, writing model agreement terms.
  • Benefits from introducing this product are: abandoning pseudo-loan transactions - repo transactions with a small rate and a significant discount; an opportunity to close short positions without diverting money; a positive impact on the N26 standard.
  • It will enable intra-group transfer of securities, which will reduce costs and it will allow clients to receive additional income from securities.