The commission made this known during a workshop held on Wednesday in collaboration with Central Securities Clearing System Plc , Cardinalstone Partners, Stanbic IBTC Nominees, and the Pension Fund Operators Association of Nigeria .
Securities lending is the market practice of temporarily transferring securities, for a fee, from their holder to another party , with the borrower agreeing to return the securities to the lender either on-demand or at the end of the agreed loan term.The practice usually requires the borrower to collateralize the transaction with cash or other securities of a value equal to or greater than that of the lent securities, in order to protect the lender against counterparty credit risk.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: