North American Product Classification System (NAPCS) Canada [Provisional Version 0.1]

• 52 - Financial and insurance services
• 522009 - Other credit financing products
• 522009.2 - Financing related to securities

522009.2.1 - Securities lending

Similar to repurchase agreements, specific securities are transferred by financial entities, including custodians, under agreement to be returned on a specific date or on demand. Typically, securities lending occurs to cover a short sale or a customer's failure to deliver securities sold. The securities borrower is generally required to provide cash or securities as collateral.