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Is the title / ownership of the security transferred to lenders, as and when members borrow funds using the collaterals deposited by them?

April 26, 2017borrow collaterals deposited funds lenders members ownership security title transferred

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Is the title / ownership of the security transferred to lenders, as and when members borrow funds using the collaterals deposited by them?

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The title / ownership of the securities remain with the borrowing members and the same are not transferred to lenders. However, the securities are blocked in the CSGL account to the extent of borrowing till the redemption / squaring off of positions of the same CBLOs and funds settlement thereof.