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 Alex16

link 7.08.2013 22:31 
Subject: an automated fully-paid lending product fin.
Counsel to Morgan Stanley Wealth Management on the development of an automated fully-paid lending product and previously in various issues regarding trade confirmations and other regulatory requirements

 Alex16

link 8.08.2013 6:03 
Нашел ссылку, которая имеет отношение к моему вопросу, но не знаю, как перевести automated fully-paid lending product:

https://capitalmarkets.fidelity.com/app/popup/item/RD_13569_19490.html

Fully Paid Lending
Through Fidelity's1 Fully Paid Lending Program, you can loan to Fidelity certain fully paid or excess-margin securities2 that Fidelity desires to borrow. In return, you gain the opportunity to earn incremental income on your portfolio through the securities lending market.
In a "fully paid" transaction, you lend a specific security (or securities) to Fidelity.3 In return, you receive collateral equal to the market value of the securities on loan. In addition, you receive an interest rate-based fee that is calculated by multiplying the agreed upon interest rate by the market value of the securities on loan. The fee accrues daily and is automatically credited monthly to your Fidelity Account.® The interest rate(s) offered by Fidelity is based on the relative value of the individual securities in the securities-lending market and is subject to change based on market conditions and borrowing demand. The duration of the loan is typically indefinite and the loan may remain open until either you or Fidelity elects to close it. The existence of the loan does not restrict you from selling the securities at any time. However, sale of the securities on loan will be treated as a notification of termination with respect to the shares on loan.
Margin trading entails greater risk and is not suitable for all investors. Please assess your financial circumstances and risk tolerance prior to trading on margin. Margin is extended by National Financial Services, Member NYSE, SIPC.
Please note that the fully paid securities on loan are not covered under the provisions of the Securities Investor Protection Act of 1970.
1 All references to Fidelity include National Financial Services LLC ("NFS") and Fidelity Brokerage Services LLC ("FBS"), Members NYSE, SIPC. All references to Fidelity Accounts refer to accounts carried by NFS on behalf of introducing brokers.
2 Fully paid securities are securities in a customer's account that have been completely paid for. Excess-margin securities are securities that have not been completely paid for, but whose market value exceeds 140% of the customer's margin debit balance to National Financial Services LLC.
3 The Fully Paid Lending Program is only a means for increased income on certain securities and does not provide any downside protection or "hedge" against the customer's lending position(s) or portfolio.

Т.е., речь идет о кредитовании полностью оплаченными ценными бумагами (о предоставлении ссуд в виде полностью оплаченных ценных бумаг)? Как сюда вписывается "automated"?

 

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