The full form of ASL in banking is Automated Securities Lending.
Understanding Automated Securities Lending (ASL)
Automated Securities Lending (ASL) is a service that is deeply integrated into the settlement process. It essentially finances trades for borrowers. These borrowers might need the securities for various reasons, such as:
- Delivering to domestic markets.
- Facilitating transactions over the bridge.
- Dealing with other Clearstream internal counterparties.
In essence, ASL streamlines the process of borrowing and lending securities, making it more efficient and automated. This integration into the settlement process makes it a crucial component of modern banking and financial systems.
