Fixed Income and Debt

Securities Lending (2018)


This eCourse consists of two modules. Module 1 looks at the fundamental principles of securities lending, including the basic structure of both cash and noncash collateral transactions and the various parties involved in a typical securities loan.

Module 2 looks at collateralization practices in the securities lending market. It also describes the main risks associated with securities lending and some of the tools and techniques used to mitigate or manage these risks.


On completion of this course, you will be able to:
- Recognize the key elements of a securities lending transaction
- Identify the key participants in the securities lending market and some of the key market practices
- Recognize the importance of collateral management in the context of a securities lending program
- Identify the key risks to participants in the securities lending market and how these risks can be mitigated or managed

Content Highlight

Module 1: Securities Lending – An Introduction
Topic 1: Overview of Securities Lending
Topic 2: Market Participants and Practices

Module 2: Securities Lending – Collateral & Risk Management
Topic 1: Collateralization Practices
Topic 2: Risks of Securities Lending

Administrative Details

Relevant Subject
Type 1 - Dealing in securities,Type 4 - Advising on securities
SFC:1.50, PWMA:1.50
All Member: HKD460
Non-Member: HKD665
Staff of Corporate Member: HKD460