Securities Lending and Corporate Governance

碩士 === 國立臺北大學 === 法律學系一般生組 === 106 === Securities lending is a transaction in which the ownership of the securities is temporarily transferred on the promise of a guarantee. This transaction becomes a major and important activity, which serves as an important mechanism for linking the money market t...

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Bibliographic Details
Main Authors: LI, YUEH-TING, 李岳庭
Other Authors: CHANG, HSIN-TI
Format: Others
Language:zh-TW
Published: 2018
Online Access:http://ndltd.ncl.edu.tw/handle/k88rfh
Description
Summary:碩士 === 國立臺北大學 === 法律學系一般生組 === 106 === Securities lending is a transaction in which the ownership of the securities is temporarily transferred on the promise of a guarantee. This transaction becomes a major and important activity, which serves as an important mechanism for linking the money market to the securities market. It also makes the function of the securities market more complete. In addition to increasing market liquidity, securities lending transactions provides support for the securities source for trading, the source of securities required for trading, making delivery operations smoother. At the same time, it can avoid securities idleness and increase the income of long-term securities holders. This has brought huge business opportunities to securities issuers, investors, and shareholders. Securities lending transactions are becoming more and more important in today's global financial markets. However, our market investors are not familiar with this form of lending transaction. Therefore, the purpose of this dissertation is to take disputes arising from foreign practice into account and to utilize the statistics analyzed by the Exchanges in our country, to enable investors in our financial market to have a more comprehensive understanding of this type of transaction. Furthermore, this dissertation is a broad discussion on the corporate governance disputes that may further derive from this transaction. In summary, this dissertation provides directions and offers suggestions on the issues raised, and aims to improve the establishment of the utility of the transaction, thereby enhancing the competitiveness of our country’s overall financial market environment.