Public Pension Financial Forum Securities Lending The Need for Risk Management. October 19, 2009 Sacramento, CA. Bo Abesamis Senior Vice President. Securities Lending.
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Public Pension Financial Forum Securities LendingThe Need for Risk Management
October 19, 2009
Senior Vice President
Securities Lending Basic Premise
Note: DoL PTE = Department of Labor Prohibited Transaction Exemption; FFIEC = Federal Financial Institute Examination Council; SEC = Securities & Exchange Commission; FASB = Financial Accounting Standards Board; GASB = Government Accounting Standards Board; and, IRC = Internal Revenue Code
Anatomy of a Loan
Rebate Rate – The Bogey
Public Pension Funds
Mutual Fund Companies
Prime Brokerage, Broker/Dealers
Cash Collateral Reinvestment
is NOT and NEVER will be