IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Securities lending

  • Paul C. Lipson
  • Bradley K. Sabel
  • Frank M. Keane
Registered author(s):

    This paper, originally released in August 1989 as part of a Federal Reserve Bank of New York series on the U.S. securities markets, examines loans of Treasury and agency securities in the domestic market. It highlights some important institutional characteristics of securities loan transactions, in particular the common use of agents to arrange the terms of the loans. While we note that this characteristic sets securities lending apart from most repurchase agreement (repo) transactions, which occur bilaterally between a borrower and a lender, we observe that repo and securities loan transactions ultimately serve the same important economic purpose—to cover short positions used for hedging or arbitrage in related cash markets. The data used here, though largely informal, were provided by knowledgeable market participants.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.newyorkfed.org/research/staff_reports/sr555.html
    Download Restriction: no

    File URL: http://www.newyorkfed.org/research/staff_reports/sr555.pdf
    Download Restriction: no

    Paper provided by Federal Reserve Bank of New York in its series Staff Reports with number 555.

    as
    in new window

    Length:
    Date of creation: 2012
    Date of revision:
    Handle: RePEc:fip:fednsr:555
    Contact details of provider: Postal: 33 Liberty Street, New York, NY 10045-0001
    Web page: http://www.newyorkfed.org/
    Email:


    More information through EDIRC

    Order Information: Web: http://www.ny.frb.org/rmaghome/staff_rp/ Email:


    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:fip:fednsr:555. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Amy Farber)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.