About Us

MISSION

The focus of the Securities Lending Section of the SIFMA Operations & Technology Society (SLS) is to increase operating efficiencies and to develop uniform practices consistent with the ongoing development of the global marketplace. Success in these endeavors is critical in order to continue the evolution of the Securities Lending marketplace from an activity which was designed principally to support various clearance and settlement conventions, to an integral component of the industry's highly sophisticated trading and investment strategies.

CURRENT GOALS

The current goals and objectives of the Securities Lending Section are as follows:

• Concentrate focus on the evolving area of equity financing and identify the new opportunities arising from recent legislative changes.
• Continue to work in unison with all societies of SIFMA to achieve common goals and to identify key industry concerns.
• Contribute to cooperative industry efforts that are essential for the continuous advancement of the global marketplace.
• Continue to develop increased efficiencies which are necessary to support Emerging Capital Markets, new technologies, new investments vehicles and rapidly increasing trading volumes.
• Continue to address the immediate business needs and concerns of the SLS membership.
• Continue to serve as a communication vehicle to support the open exchange of ideas, identify issues and objectives and promote securities lending as a strategic component in the global marketplace.

• Be active participants on the joint PSA/SIA Equity Repo Committee. Develop support for foreign securities lending transactions through GCN/ISCC.
• Update/modify the SIA Securities Lending Agreement. Participate on the DTC subcommittee for mark-to-market processing and securities lending services.
• Develop new recall/close-out procedures. Identify and resolve issues relating to the T+1 effort.