securities or commodities lending

Defined in Article 3, Directive 2006/49/EC

Uses as of 01/06/2011

Definitions over time (1)

1. 20/03/2008 – 01/01/2014 applies on 01/06/2011 Article 3, Directive 2006/49/EC Scope: Whole act

   For the purposes of this Directive the following definitions shall apply:

   ‘securities or commodities lending’ and ‘securities or commodities borrowing’ mean any transaction in which an institution or its counterparty transfers securities or commodities against appropriate collateral, subject to a commitment that the borrower will return equivalent securities or commodities at some future date or when requested to do so by the transferor, that transaction being securities or commodities lending for the institution transferring the securities or commodities and being securities or commodities borrowing for the institution to which they are transferred;

Used in (5 places in 3 provisions on 01/06/2011)

Directive 2006/49/EC (5 in 3)

Article 3² · Article 30 · Annex II²