PASLA signs letter of intent with ASLA to expand reach
17 June 2024 Hong Kong
Image: mozZz/stock.adobe.com
The Pan Asia 色花堂Lending Association (PASLA) has signed a letter of intent with the Australian 色花堂Lending Association (ASLA) to expand its reach to the Australasia region.
Both associations will collaborate on the execution and details of the final agreement in the coming months, and aim to complete by Q4 2024.
Commenting on the move, Stephen Howard, CEO of PASLA, says: 鈥淲e鈥檙e excited to be working on this process with ASLA because it has clear potential to benefit members of both associations.
鈥淎ustralia and New Zealand are highly developed securities finance markets with a large number of beneficial owners with active lending programmes.
"Establishing a closer relationship with participants in these markets will reinforce PASLA鈥檚 ability to serve and represent the securities finance industry across the whole of Asia Pacific.鈥�
Both associations will collaborate on the execution and details of the final agreement in the coming months, and aim to complete by Q4 2024.
Commenting on the move, Stephen Howard, CEO of PASLA, says: 鈥淲e鈥檙e excited to be working on this process with ASLA because it has clear potential to benefit members of both associations.
鈥淎ustralia and New Zealand are highly developed securities finance markets with a large number of beneficial owners with active lending programmes.
"Establishing a closer relationship with participants in these markets will reinforce PASLA鈥檚 ability to serve and represent the securities finance industry across the whole of Asia Pacific.鈥�
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