Securitized lending operation, SLO (also mostly used in German; more rarely, secured pledging of securities)

Transaction in which assets in general and securities in the narrower sense are transferred as collateral for a loan. In contrast to a repo transaction, however, no change of ownership takes place here. – Cf. Deutsche Bundesbank Monthly Report of December 2013, p. 72 (SLOs as a fallback option in the event of a possible financial transaction tax; drawbacks).

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