Securities
Borrowing and Lending (SBL)
Securities Borrowing and Lending (SBL) is a facility offered by Bursa Malaysia to enable the
borrowing and lending of securities. Currently there are 2 models of SBL facility offered:
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Central Lending Agency (SBLCLA)
The SBLCLA is a model whereby Bursa Malaysia acts as the Central Lending Agency for all SBL
transactions between Authorised Lender and Authorised Borrower, and where Authorised Lenders and
Authorised Borrowers have to comply with Bursa Clearing’s SBL CLA Terms and Conditions; and
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Negotiated Transaction (SBLNT)
The SBLNT model provides both Approved Lenders and Approved Borrowers the avenue to agree
SBL transactions an over-the-counter basis (OTC) and report such transactions to Bursa Malaysia via
on-shore lending representatives or borrowing representatives.
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