Welcome to CASLA, the Canadian Securities Lending Association
The Canadian Securities Lending Association (CASLA) works with Canadian regulators, self-regulatory organizations and other market participants to ensure the long-term viability of the Canadian securities lending industry and the adoption of best practices. CASLA seeks to enhance the public's understanding of securities lending and the role it plays in Canada's financial markets.
CASLA's sponsor organizations include: CIBC Mellon, RBC Investor Services, Northern Trust and State Street Corporation. CASLA will canvas industry firms and professionals for membership in the near future, and will hold elections for executive positions in 2010. Participants in the beneficial owner and borrower and lender communities are encouraged to join.
About Canada's Securities Lending Market
The securities lending market in Canada has been active for over 25 years. In securities lending transactions, beneficial owners such as mutual funds, pension funds and other institutional investors lend securities to borrowers often through intermediaries such as custodian banks. At year end 2008, the Canadian industry had CAD $886 billion available for lending and CAD $119 billion on loan according to U.K.based Data Explorers.
CASLA is an incorporated not-for-profit association.