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About ISLA
The Internati onal Securiti es Lending Associati on (ISLA) Through member working groups, industry guidance,
is a leading non-profi t industry associati on, representi ng consultati ons and fi rst-class events, ISLA plays a pivotal
the common interests of securiti es lending and fi nancing role in the creati on and promoti on of market best practi ces
market parti cipants across Europe, Middle East and Africa. and processes, thought leadership, standards for legal
Its geographically diverse membership of over 190 fi rms frameworks, and securiti es lending guides and related
includes insti tuti onal investors, asset managers, custodial documents.
banks, prime brokers and service providers.
Found here: www.islaemea.org/about-isla
Working closely with the industry, as well as nati onal,
regional, and global regulators and policy makers, ISLA
advocates for, amongst other things, the importance of
securiti es lending to the broader fi nancial services industry.
It supports both the Global Master Securiti es Lending
Agreement (GMSLA) legal framework, including the Title
Transfer and Securiti es Interest over Collateral variants,
as well as the periodical enforceability and security
enforcement across global jurisdicti ons.
General Enquiries
Email: support@islaemea.org | www.islaemea.org
Disclaimer
While we have made every att empt to ensure that the informati on contained in this paper has been obtained
from reliable sources, the Internati onal Securiti es Lending Associati on (ISLA) is not responsible for any errors or
omissions, or for the results obtained from the use of this informati on. All informati on in this Report is provided
“as is”, with no guarantee of completeness, accuracy, ti meliness or of the results obtained from the use of this
informati on, and without warranty of any kind, express or implied, including, but not limited to warranti es of
performance, merchantability and fi tness for a parti cular purpose. Nothing herein shall to any extent substi tute
for the independent investi gati ons and the sound technical and business judgment of the reader. In no event will
ISLA, or its Board Members, employees or agents, be liable to you or anyone else for any decision made or acti on
taken in reliance on the informati on in this Report or for any consequenti al, special or similar damages, even if
advised of the possibility of such damages.

