Repo stay extension raises questions for buy side

Resolution stays extended to repo and securities lending contracts

People in a contract negotiation
Isda's stay protocol may create added risk for dealers

Buy-siders will have to re-examine whether indemnification policies with their agent lenders are strong enough, after the extension of an International Swaps and Derivatives Association termination rights protocol to include securities lending and repos.

Twenty-one global systemically important banks (G-Sibs) adopted a revised version of Isda's Resolution Stay Protocol on November 12 that includes resolution stays for securities financing transactions.

By signing up to the protocol, banks accept

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here