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To: Real Man who wrote (906)8/7/2003 12:49:03 PM
From: Cush  Read Replies (1) | Respond to of 1379
 
Vi, I don't know or understand much about SOMA lending.

From the Securities Lending Terms & Conditions, I read this-

Overnight lending

Lending will be conducted on an overnight basis. Loaned securities that are not returned the following day prior to the close of Fedwire will be considered fails.


I take this to mean these are O/N loans.

Do you know differently?

Cush