The Global Master Securities Lending Agreement (Security Interest over Collateral 2018 version), also known as ‘Pledge GMSLA’, was published in 2018 and outlines the terms and conditions related to the collateralisation of a securities lending transaction. ISLA members have access to the master agreement below, including useful FAQs, and various supporting security interest agreements.
19 August 2024
GMSLA 2018 Digital Assets Annex
The Digital Assets Annex provides a standard framework and set of terms which can be used for any transactions in respect of which the Loaned Securities consist of or include Asset-backed Digital Assets or Platform Transferred Securities.
19 August 2024
GMSLA 2018 Digital Assets Annex - Guidance Note
These guidance notes have been prepared to assist users of the GMSLA 2018 Digital Assets Annex. They do not form part of the Annex and whilst they summarise certain key provisions of the Annex they are not intended to summarise all of the provisions of the Annex.
14 April 2023
GMSLA 2018 Austrian Template Clause
At the request of members, ISLA has prepared this standard form template clause to assist market participants when lending and borrowing Austrian securities. This template is for use with the GMSLA 2010 Title Transfer and the GMSLA 2018 Pledge agreements.
13 March 2023
Template Default Notice
The Template Default Notice for Security Interest over Collateral, to the GMSLA 2018 Agreement.
13 March 2023
Template Amendment
The Template Amendment for Security Interest over Collateral, to the GMSLA 2018 Agreement.
13 March 2023
Template Mini Close-out Notice
The Template Mini Close-out Notice for Security Interest over Collateral, to the GMSLA 2018 Agreement.
13 March 2023
Template Termination Notice
The Template Termination Notice for Security Interest over Collateral, to the GMSLA 2018 Agreement.
3 June 2021
Changes to LIBOR References in the GMSLA
ISLA has produced a standard form amendment to assist market participants in their efforts to agree the deletion of references to LIBOR in their documentation. The wording can be used both as an additional provision in new GMSLAs, or as an amendment to legacy ones.
19 May 2021
2020 US Tax Addendum for Security Interest over Collateral
The 2020 US Tax Addendum for Security Interest over Collateral, to the GMSLA 2018 Agreement.
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