Front-running and Global Master Securities Lending Agreement: Difference between pages

Revision as of 17:18, 25 June 2017

(GMSLA).

The Global Master Securities Lending Agreement is a standard agreement for securities lending transactions.

It is published by the International Securities Lending Association (ISLA).

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-''Conduct risk - financial markets''
+(GMSLA).
-In financial services, front-running is the unethiclal and likely criminally fraudulent practice of buying securities or making other trades to take advantage of private/confidential knowledge of a future event, for example a large purchase order from a client - an order for currency, shares, commodities, etc.
+The Global Master Securities Lending Agreement is a standard agreement for securities lending transactions.
-Distinguishing front-running (unacceptable, probably illegal) from [[pre-hedging]] (probably aceptable, even legal) is important for all concerned, but can be very difficult.
+It is published by the International Securities Lending Association (ISLA).
-==See also==
+== See also ==
-* [[Conduct risk]]
+* [[Global Master Repurchase Agreement]]
-* [[Fixed Income, Currencies and Commodities Markets Standards Board]]  (FMSB)
+* [[Securities lending]]
-* [[Insider dealing]]
+* [[Security]]
-* [[Layering]]
-* [[Market corners]]
-* [[Pre-hedging]]
-* [[Ramping]]
-* [[Spoofing]]
-* [[Squeeze]]
-* [[Wash trading]]
-[[Category:Context_of_treasury]]
-[[Category:Accounting,_tax_and_regulation]]
+[http://www.isla.co.uk/standard-documentation/ ISLA standard documentation]
-[[Category:Ethics_and_corporate_governance]]
-[[Category:Ethics]]
-[[Category:Financial_risk_management]]