ISLA logo




Status: Under Review, Last Updated: 09/11/2020

The collection of income for lending securities is managed through a process commonly referred to as billing. (IBP-157)


Status: Under Review, Last Updated: 09/11/2020

Where counterparts agree to use a vendor platform, the vendor will advise on content and format to be supplied.

Where the party supplying details does not use a vendor, see ISLA Best Practice Billing format July 2009.pdf. (IBP-156)

Discrepancy Reconciliation>

Status: Under Review, Last Updated: 23/11/2020

Discrepancy Reconciliation
Counterparts should reconcile billing invoices in a timely manner to identify any issues requiring remediation. Any identified issues should be communicated to the other counterpart, detailing the issue and supporting data to explain and propose a correction. Counterparts, as part of their on-boarding process, should have clear escalation pathways should timely remediation not be possible.

It is also recommended that, during the reconciliation process, if both parties are using a market vendor tool, the functionality offered by that vendor should be fully utilised.
For example, use of comment functionality will greatly improve any required remediation. (IBP-160)


Creating your PDF, please wait.

PDF created successfully.

Sorry, your PDF could not be created at this time.


Already a member? Login to your account

Interested in becoming a member?

ISLA’s members span the breadth and depth of the securities lending industry, and there are many benefits of joining the Association’s network.

Become a member today