What Is Securities Lending?

Broker dealers finance themselves. They don't have depositors like the big banks do er for us dollars. And so what they do is they actually pool all the customers securities and their own securities, and they'll just put em out for securities lending. It's secured lending using your securities as lateral, or your or your bonds or your loans as collateral. These are typically one day loans, so typically they mature overnight,. The next morning you'd just take out the loan again.