Training Course
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International Capital Market Association - ICMA
About the CPD course
This course provides a comprehensive look at securities lending - an important activity within the securities marketplace where firms choose to lend their equities and/or bonds do so to earn lending fees and to enhance their investment returns. The course also analyses the rationale of firms that choose to borrow securities to meet delivery commitments and to receive sale proceeds in a timely fashion. The course covers risk and the mitigation thereof involving the regular revaluation of both the lent/borrowed security and the associated collateral; margin calls; corporate actions; the regulation that governs this activity and includes case studies.
ICMA is a not-for-profit membership association, headquartered in Switzerland, that serves the needs of its wide range of member firms in global capital markets. As of March 2020, ICMA has around 600 members in 62 countries.
Among its members are private and public sector issuers, banks and securities houses, asset managers and other investors, capital market infrastructure providers, central banks, law firms and others.
Through its committees, ICMA brings together members from all sectors of the wholesale and retail debt securities markets to inform its work on regulatory and market practice issues, which impact all aspects of international market functioning. ICMA prioritises four core fixed income market areas – primary; secondary; repo and collateral; and green, social and sustainable.
