Agency Lending Disclosure Taskforce Documents
All documentation was developed by the PMO, and data is valid as of December 2006. Please check often for updates
to the A-Z Guide and the SEC No-Action Letter.
The following pages contain documentation produced by the Agency Lending Disclosure Taskforce. The taskforce was an industry-wide initiative in the Securities Lending Industry, and was in place between December 2003 - December 2006. The initiative began in 2003, when the SEC raised concerns regarding the level of information disclosure in agency lending transactions and the impact on credit and capital monitoring based on examinations of broker/dealer securities lending practices. At that time, the regulatory body engaged the Securities Lending Division (SLD) of the Securities Industry Association (SIA) and the SIA Capital Committee in discussions on disclosure of information relating to agency lending transactions. These discussions led to the development, in January 2004, of an Industry Taskforce consisting of representatives from the SIA (Capital Committee and Securities Lending Division), the Risk Management Association (RMA) Committee on Securities Lending, and The Bonds Market Association (TBMA). Over the following two and half years, the taskforce grew to involve almost all firms participating in securities lending, and their vendors.
From May 2004 to December 2006 Capco served as a Project Management Office of the Taskforce. The documentation below represents all the business, technical and functional requirements which firms should be aware of in order to be ALD compliant.
The documents are organized in three categories:
- A - Z Guide and Testing Guide to ALD and related supplements
- Reference materials - ALD Presentations, Meeting Notes, etc.
- Firms Contact Information
IMPORTANT INFORMATION
Any business assumptions or regulatory interpretations expressed in the documents contained in the Agency Lending Disclosure web site are the product of Agency Lending Disclosure Taskforce discussions and represent the opinions of the Taskforce members. Each firm is responsible for its own interpretations of existing rules and making decisions based on its internal business policies and procedures.