The International Securities Lending Association is to partner with FinTuition to provide an introduction to securities lending course.

The introductory course is a one-day module designed to give attendees a broad overview of the securities lending industry.

Isla expects to make further announcements about other training modules shortly.

Kevin McNulty, chief executive of Isla, says: “We are very excited to announce the first element of Isla’s education programme. FinTuition’s experience of providing training courses for securities lending and the product knowledge make them an ideal partner for us.”

Isla decided to develop a formal education framework in 2009, to help support the training and competence requirements of its members and other market participants.

Rather than develop training modules in-house, the Isla board decided to partner with a firm that has a proven track record in delivering quality training programmes.

The first phase of this strategy will encompass three training modules: an introductory course, a course that provides in-depth coverage of the Global Master Securities Lending Agreement, and a computer based module on the SLRC Code of Guidance (an industry best practice code).

Roy Zimmerhansl, owner and principle of FinTuition, says: “Isla has taken a leading role in promoting a better understanding of securities lending during a particularly challenging period for the industry. We are very pleased that Isla has selected FinTuition to help inform and educate the markets, media and regulators.”