Defines the latest date when the open security lending transaction can and must be exercised on demand by a party to the trade indicated in the electingParty element (or in the Master Agreement, if the electingParty element has AsDefinedInMasterAgreement value). For instance, in an open security lending transaction with the callDate agreed as business day one year after the trade date, the far leg can be settled on any day after the near leg settlement date and before and including the callDate. If the call date is not defined in trade terms and / or not included into the trade confirmation this element can be omitted.

The party to the open security lending transaction that has a right to demand exercise of the far leg of the open security lending transaction. This element represents an enumerated list that includes: Borrower, Lender, Either and AsDefinedInMasterAgreement. In the default case, either party can call for closing an open security lending transaction. If electing parties are defined in the Master Agreement and not in the open security lending confirmation, the value AsDefinedInMasterAgreement should be used. Exact borrower/lender related parties, including any third parties who can demand exercise of open security lending transactions on behalf of the parties to the trade (calculation agent, executing broker, etc.), can be defined in the relatedParty element (tradeHeader/partyTradeInformation).

Collateral provisions component derives collateral information from the Master Agreement documentation.

The day count fraction for calculating a fee or a rebate on an SBL transaction.

Duration of the security lending transaction. {e.g. Open, Term}.

Under a non-cash collateralized transaction, the borrower pays a fee on the security being lent.

Initiation of the security lending transaction: initial transfer of principal.

Notice period for open security lending transactions in number of days. This element represents the agreed period of notice to be given in advance before exercise of the security lending trade by a party requesting such exercise.

Notice period for open security lending transactions referenced to a party to the trade, in number of days. This element represents the agreed period of notice to be given in advance before exercise of the security lending trade by a party requesting such exercise and the reference to that party.

The security (principal) which is the subject of the lending transaction.

Under a cash collateralized transaction: a portion of re-investment interest paid to the security borrower (rebate).

Termination of the security lending transaction: return of principal.