Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. ISLA releases template clause for Austria
Industry news

ISLA releases template clause for Austria


17 April 2023 Austria
Reporter: Carmella Haswell

Generic business image for news article
Image: rudi1976/stock.adobe.com
The International Â鶹´«Ã½ Lending Association (ISLA) has published a new Austrian template to accompany the 2010 and 2018 versions of the Global Master Â鶹´«Ã½ Lending Agreement (GMSLA).

It follows a requirement from ISLA members to produce a standard form template clause to assist market participants when lending and borrowing Austrian securities, as a result of an Austrian Ministry of Finance publication in November 2022.

The publication was titled ‘Information on Levying and Refunding of Austrian Withholding Taxes on Dividends received by Taxpayers with Limited Tax Liability (Non-Resident Taxpayers) from Public Limited Companies’.

is for use with the GMSLA 2010 Title Transfer and the GMSLA 2018 Pledge agreements.

This wording was drafted by members of the ISLA Tax and Legal Steering Groups and reviewed by Freshfields Bruckhaus Deringer LLP. The wording can be used as an additional provision in new GMSLAs, says ISLA, or as an amendment to legacy ones.

The announcement comes as ISLA releases its 2023 GMSLA netting opinions relating to transfer of title-based securities lending transactions.
← Previous industry article

Sharegain forms alliance with J.P. Morgan
Next industry article →

ISLA publishes 2023 GMSLA netting opinions
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ ISLA

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ ISLA

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →