The Securities Lending Agreement serves as the primary contractual framework for institutions engaging in securities lending transactions within Malta's jurisdiction. This document is essential for financial institutions seeking to participate in the securities lending market while ensuring compliance with Malta's robust financial services regulatory regime and relevant EU regulations. The agreement covers crucial aspects including loan initiation, collateral management, corporate actions, default handling, and regulatory reporting requirements. It incorporates specific provisions required under Maltese law while maintaining compatibility with international market standards. The document is particularly important given Malta's position as a financial services hub and its obligation to implement both domestic and EU-wide financial regulations.

1. Parties: Identification of the lender and borrower, including their legal status and registered addresses

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and interpretation rules

4. Loans of Securities: Core provisions governing the lending and borrowing of securities, including loan procedures and terms

5. Delivery and Return: Procedures and requirements for delivering securities at loan commencement and return at termination

6. Collateral Requirements: Specifications for acceptable collateral, margin requirements, and collateral maintenance

7. Income and Corporate Actions: Treatment of dividends, interest, rights issues, and other corporate actions

8. Rates and Fees: Lending fees, rebate rates, and other applicable charges

9. Tax Matters: Treatment of withholding tax, tax credits, and related obligations

10. Events of Default: Definition of default events and consequences

11. Set-off and Close-out: Rights and procedures for set-off and close-out of transactions

12. Representations and Warranties: Standard representations and warranties from both parties

13. Covenants: Ongoing obligations of the parties

14. Indemnification: Indemnification obligations and limitations

15. Governing Law and Jurisdiction: Choice of Maltese law and jurisdiction provisions

16. General Provisions: Standard boilerplate clauses including notices, amendments, and severability