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KELER Homepage :: Account Maintenance :: Securities lending

Securities lending




Securities lending transaction concluded with KELER

KELER operates a securities lending system primarily to facilitate the resolution of insufficient cover on the securities side related to the settlement of transactions made by Clients. The securities lending system operated by KELER forms part of the settlement system of KELER. There are three types of securities lending.

i) Pool securities lending system
In order to ensure that the securities side of multilateral net settlements is performed KELER operates a pool securities lending system with closed end. Pool lending is anonym, that is neither the lender, nor the borrower knows the counterparty in the transaction, the transaction is made between the lender and the borrower with the intermediation of KELER.

ii) Trilateral securities lending system
Trilateral lending is not automatic, the counterparties involved are known to each other. The lender and the borrower select one another. Clearing members assess risks and conclude the lending transaction, KELER is involved only in registration, collateral management.

iii) Securities lending transaction concluded with KELER
Pursuant to a separate agreement the Client can make a securities lending contract with KELER. KELER can conclude securities lending agreements both as a lender and as a borrower.

More information:

Mr. Ervin Fenyőházi 
Head of Treasury
KELER Ltd.
Tel: (+36-1) 483 - 6298
E-mail: fenyohazi.ervin@keler.hu
 
Ms. Andrea Somogyi
Senior Treasury Dealer
KELER Ltd.
Tel: (+36-1)  483 - 6295
E-mail: somogyi.andrea@keler.hu

Ms. Hajnalka Balogh
Treasury Back Office
KELER Ltd.
Tel: (+36-1) 483 - 6227
E-mail: balogh.hajnalka@keler.hu