PenCom guides PFAs on securities lending, repurchase transactions

By Yinka Kolawole, with agency reportThe National Pension Commission (PenCom) has introduced a framework to guide pension fund administrators (PFAs) on engagement in securities lending and repurchase transactions (repos).Securities lending is a  transaction where securities are temporarily transferred from a lender to a borrower, typically in exchange for a fee or collateral, while Repos are the sale of securities with a simultaneous agreement to repurchase them at a specifi