AIX CSD performs first securities lending transactions
Thursday, 16 April 2020Astana International Exchange Posted
Astana International Exchange Central Securities Depository (AIX CSD) announces that it performed its first securities lending transactions in two different listed securities and currencies. The GMSLA-based (Global Market Securities Lending Agreement) operations took place between Participants authorized for Securities Lending & Borrowing. The first transaction was successfully closed after two weeks. Anna Kolesnichenko, CEO of AIX CSD, said: “This is a major milestone in the development of our marketplace. The existence of an efficient securities lending and borrowing regime will not only increase the liquidity of the market but it will also strengthen the confidence of market participants and investors that AIX is a sound market to invest in.” Securities Lending and Borrowing is available to appointed Market Makers after being authorized by AIX Regulation & Compliance. Securities lending may also be used to prevent settlement failures. The Securities Lending and Borrowing program is governed by the industry-standard Global Market Securities Lending Agreement (GMSLA) or any other agreement acceptable to AIX. Market Makers entering into a valid GMSLA with an authorized lender will also be allowed to perform covered short selling. Additional information relating to the regulatory regime and operational work frame applicable to securities lending and borrowing is available at the following link.