Hi
@Darkstone, that's a pretty comprehensive explanation. It might be difficult to trawl through old posts, but the Australian Securities Lending Association has a nice page describing how it works. Try
https://www.asla.com.au/about-securities-lending/ . Under an AMSLA (see the link), the term of the stock loan is flexible at either side's discretion. That is, if the borrower covers the stock and wants to return it, it can. Also, if the lender wants their stock back, they can ask for it and the borrower has to deliver.
