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Securities Lending - Viewing of the Give-up Participant's ID by Custodians
Today Custodians are unable to correctly validate the manager's orders, since they do not have sufficient information to identify the Give-up Participant in securities lending trades. An optional field will be created whereby the Custodian receives data on the Give-up Participant’s ID for trades executed in the securities lending market, thus facilitating their daily trade validation routine. Such data will be available via messaging and via electronic trading platform.
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