Definition in securities loan transactions, the interest rate (cash reinvestment rate minus securities lending fee) paid by the lender of the security to the borrower (positive rebate rate) or by the borrower to the lender (negative rebate rate) on the balance of the cash collateral pledged Reference "Financial Stability Board > Consultative Document - Standards and Processes for Global Securities Financing Data Collection and Aggregation, November 2014, http://www.financialstabilityboard.org/wp-content/uploads/Global-SFT-Data-Standards-Consultative-Document.pdf [9.6.2015]"