Securities Lending Indemnifications - Time for a change?

The inspiration for this topic was a recent paper from Mark Faulkner co-founder of Credit Benchmark entitled: "Something Better Change: Securities Lending Indemnification is Unsustainable in its Current Form". In this video I provide an explanation for the fundamentals of indemnifications. The first in a two part video.

You can find Mark's paper at https://www.creditbenchmark.com/somet...

Chapters
Introduction 0:00
What is an indemnity? 2:44
What indemnities may/may not cover? 4:58
Who is covered by indemnification? 7:01
How are indemnities provided for? 9:02

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