Merrill, BMO and Schwab are among many firms helping clients take out security-backed loans against market gains to avoid ...

On August 24, 2023, the United States Court of Appeals for the Second Circuit (the "Court") upheld the District Court's ruling in Kirschner v. JPMorgan Chase Bank, N.A. that notes issued as part of a ...

After the Supreme Court denied a certiorari petition, the Second Circuit’s Kirschner ruling is the law of the land. Our Distressed Debt & Trading Team explores how the circuit court came to its ...

The securities lending market is vital to the healthy functioning of securities markets globally. Securities lending improves market liquidity, price discovery, and enables timely trade settlement but ...

When institutional investors bought into a $1.8 billion leveraged loan syndication for Millennium Laboratories in 2014, they had no idea what they were getting into. Unbeknownst to them, the ...

Securities lending market is vital to the healthy functioning of securities markets globally. Securities lending improves market liquidity, price discovery, and enables timely trade settlement but an ...

Interest in securities-based loans as an alternative to mortgages has cooled off significantly since the summer, when they were a popular alternative to an at-the-time hot housing market. Since the ...

When competition is stiff over a single home, a prospective homebuyer may want to present a solid cash offer that has no contingencies attached to it. That is among the reasons why securities-based ...

When clients think about taking out a loan, they likely picture borrowing money from a traditional bank or credit union. Those loans have their place, but lesser-known securities-based loans ...

SEBI said clients may use securities held in their demat accounts as collateral for loans, as long as the pledge is initiated ...

An Inside Look Who understands securities lending? Registered funds (by which I mean traditional mutual funds and exchange-traded funds) sometimes permit other institutions to borrow shares from their ...

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